Philippines Cryptocurrency Regulations: BSP License vs CEZA License
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.
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.
The PH economic zone expects more earnings as soon as the companies that applied for licensing begin trading cryptocurrencies or conduct placement of coins.
The Cagayan Economic Zone Authority (CEZA) has announced that it has already issued 17 Provisional Principal Offshore Cryptocurrency Exchange Licenses and 2 Provisional Regular Licenses.
The Cagayan Economic Zone Authority (CEZA) has granted a principal license to Tiger Wheel Limited in a simple ceremony at CEZA’s office in Mandaluyong.
CEZA said 6 of the 70 applicants have paid for offshore crypto licenses. The principal license under CEZA costs $360,000 and a regular license is $85,000.