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Crypto Business in the Philippines: P3.6 Billion Expected from License Issuance for Entry of Approved Cryptocurrency Exchanges

Last April, the Philippine government has approved the entry of cryptocurrency exchanges to conduct business in the Cagayan Economic Zone Authority (CEZA). These legalized exchanges will enjoy tax benefits, will be allowed to offer Initial Coin Offerings (ICOs), and may engage in crypto mining operations. The CEZA administrator expects to rake in $67 million from […]