Philippine Gov’t To Allow Country’s First Crypto Businesses In Special Economic

[Cordillerabit]

anong masasabi nyo dito mga kababayan

The Philippine government will allow 10 Blockchain and cryptocurrency companies to operate in the Cagayan Economic Zone, Reuters reports April 25.

The companies will reportedly be the first Blockchain and crypto-related firms to legally operate in the Philippines after the Cagayan Economic Zone Authority (CEZA) established a fintech hub with the goal of creating an Asian “Silicon Valley”. CEZA is a state-owned corporation that manages the Cagayan Special Economic Zone and Freeport.

Chief of CEZA Raul Lambino stated that they will permit cryptocurrency exchanges, mining, and Initial Coin Offerings (ICOs):

“We are about to licence 10 platforms for cryptocurrency exchange. They are Japanese, Hong Kong, Malaysians, Koreans. They can go into cryptocurrency mining, Initial Coin Offerings, or they can go into exchange.”

Lambino stressed that crypto-to-fiat and fiat-to-crypto exchange transactions should be conducted offshore, in order to avoiding running afoul of Philippine law.

Firms are expected to generate employment in exchange for the tax breaks they will receive. CEZA will also require the companies to invest at least $1 mln over two years and pay up to $100,000 in licence fees. Lambino added that CEZA is also looking to build a Blockchain and fintech university to provide skilled employees for the new companies.

Read More : https://www.altcoinstalks.com/index.php?topic=17058.new#new

[jdcruz1412]

Magandang balita ito kabayan, may nakalagay ba kung ano yung 10 na blockchain at cryptocurrency na papayagan?

anong masasabi nyo dito mga kababayan
Lambino stressed that crypto-to-fiat and fiat-to-crypto exchange transactions should be conducted offshore, in order to avoiding running afoul of Philippine law.

Gusto ko rin malaman kung pano mangyayari ang offshore exchange transaction ng crypto-to-fiat at fiat-to-crypto.

[Cordillerabit]

Magandang balita ito kabayan, may nakalagay ba kung ano yung 10 na blockchain at cryptocurrency na papayagan?

hindi naman nilagay kung sino yung 10 na bigbigyan ng permit aabangan na lang natin kasi ang alam ko hindi lang naman exchange, yan kundi kabilang din ang mining, and ICO. aabangan nalang natin kung aaprobahan ito kabayan

[CebuBitcoin]

Unti unting ng nakilala ang crypto dito sa atin, sana tuloy2x na ito, excited na akong malaman kung yung top 10 companies na yan.

[rhegs27]

sooner mkilala n ntin ang oang 10 companies para mlaman ntin kung paano malalaman yung offshore exchange crypto . abangers lang po :-)

[jakeshadows27]

maganda maaring makatulong ito sa bansa pati na sa mga pinoy na nahihilig na cryptocurrency may list ba yan kung ano-anu exchange yan

[Cordillerabit]

maganda maaring makatulong ito sa bansa pati na sa mga pinoy na nahihilig na cryptocurrency may list ba yan kung ano-anu exchange yan

as of now hindi pa rin sinabi kung ano ang mga exchange na yan maghintay na lang tayo baka this year ibabalita na nila ang sinasabi nilang crypto platform list na yan paps, siguro isa na ang coins jan opinyon ko lang.

[Phylum1020]

Siguro isa na dyan ang CX platform kasi Pilipinas to ehh ito ang number one list na bibigyan ng permit na mag operate dito sa atin. Yung off-shore transactions siguro gagamit tayo ng ibang exchange tapos itratransfer natin sa permitted exchange dito sa atin madaming proseso ang dadaanan ng pera mo bago mo masalin sa exchange dito, sa tingin kasi hindi pa nagkaka tax ang crypto dito sa ating gobyerno kaya off shore tayo mag convert. In my opinion lang naman.

[Angkoolart10]

magandang balita ito para sa atin lalo na sa mga namumuhunan siguradong tataas ang presyo ng crypto.

[Jun]

napagandang balita na yan nagpakita lang na may magandang future ang  bitcoin  sa phillippine at hindi na matagalan pa hindi  na mahadlangan pa ang pagsikat nito  malaking biyaya sa atin