2018-7-1 22:11 |
Regulation
The authority of the Filipino government-owned economic zone is drafting regulations for cryptocurrencies and planning to limit the number of licenses it issues to 25.
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Drafting Crypto Regulations
Philippines’ Cagayan Economic Zone Authority (CEZA) is “crafting rules to safeguard cryptocurrency investors,” according to the Philippine News Agency, the government’s newswire service.
CEZA is the government-owned and controlled corporation tasked to manage the development of the Cagayan Special Economic Zone and Freeport.
However, during the Global Blockchain Summit last week, Lambino revised that number, stating that CEZA will limit its crypto license issuance to 25.
What do you think of CEZA drafting crypto regulations and licensing 25 exchanges?
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