The two organizations will be the exclusive technical arm of CEZA.30, which will focus on web3, blockchain, payments, and gaming industries.
CEZA assured that the DAOs that will register will receive advantages such as tax incentives and other fiscal benefits.
“We must celebrate CEZA’s recent efforts to reinvent the Cagayan Freeport through further digitization.” – Juan Ponce Enrile
After allegations of corruption, including misappropriation of payments by Crypto offshore firms, the CEZA chief responded and has reportedly submitted himself to a mandatory lifestyle check.
Both Sec. Lambino and Minister Takemoto said they hope for the Philippines to finally catch up and formalize its laws regarding STOs.
Grapefruit (GSI) insisted, apart from not operating illegally, via a letter to the BI that they hired the 4 Chinese Nationals named in the warrant based on documents these 4 submitted like passports, visas, etc.
The Philippines’ Cagayan Economic Zone Authority (CEZA) chief Raul Lambino ordered a thorough investigation of a reported investment scam allegedly being operated by an offshore virtual currency exchange licensee of the government corporation.
Let’s break down the differences between a BSP license and a CEZA license, both can be obtained in the Philippines but with different functions altogether.
The Philippines’ Cagayan Economic Zone Authority (CEZA) has issued a statement against entities claiming to have offshore virtual currency licenses.
Digital Asset Token Offering Regulations by PH CEZA will govern acquiring and launching crypto assets, whether they are security or utility tokens.