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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Recently the Philippines Cagayan Economic Zone Authority (CEZA) officially announced licensing these <a rel="nofollow" target="_blank" href="https://cryptocomes.com/thai-exchange-tdax-suspends-registration-and-trading-for-two-weeks">companies</a>. One of them is from Thailand and the other two are Hong-Kong-based.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    
    
    Each of these offshore platforms had to invest in the country’s economy $1 mln each.
    
    Where the money goes
    
    Raymundo T. Roquero, one of the CEZA administration, told journalists that the Hong-Kong located <a rel="nofollow" target="_blank" href="#">exchange</a> Golden Millennial Quickplay Inc. (GMQ) plans to build here its infrastructure and will have an incubation period of two years before they are allowed to launch in Manila.
    
    Together the exchanges add $3 mln of <a rel="nofollow" target="_blank" href="https://cryptocomes.com/tron-price-prediction-how-much-will-be-trx-value-in-20182025">investments</a> into the local area, namely to the city of Sta. Ana. in Manila. Currently, this is the area of primary development. The country plans to make profits trading with APEC and also do international trade.
    
    <a rel="nofollow" target="_blank" href="#-price-crypto-trading-cryptocurrency-market">card</a>
    
    Obligatory checks
    
    The exchanges must renew their licenses every year. Besides, all exchanges are going to be checked for probity and <a rel="nofollow" target="_blank" href="https://cryptocomes.com/guides/exchanges-guide/okex/The-Complete-Beginner%27s%20Guide%20to%20OKEx%20-%20Review%202018">application</a> programming integration. Each procedure costs $100,000. These fees are non-refundable.
    
    All in all, around 70 exchanges have applied for a license to operate in this area. Apparently, they are all so eager, since the Philippines authorities are the first to provide regulations for the virtual asset market.
    
    <a rel="nofollow" target="_blank" href="https://cryptocomes.com/crypto-trading-legend-masterluc-you-can-visit-cemetery-of-dead-alts-wont-find-bitcoin-there">card</a>
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Recently the Philippines Cagayan Economic Zone Authority (CEZA) officially announced licensing these <a rel="nofollow" target="_blank" href="https://cryptocomes.com/thai-exchange-tdax-suspends-registration-and-trading-for-two-weeks">companies</a>. One of them is from Thailand and the other two are Hong-Kong-based.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    
    
    Each of these offshore platforms had to invest in the country’s economy $1 mln each.
    
    Where the money goes
    
    Raymundo T. Roquero, one of the CEZA administration, told journalists that the Hong-Kong located <a rel="nofollow" target="_blank" href="#">exchange</a> Golden Millennial Quickplay Inc. (GMQ) plans to build here its infrastructure and will have an incubation period of two years before they are allowed to launch in Manila.
    
    Together the exchanges add $3 mln of <a rel="nofollow" target="_blank" href="https://cryptocomes.com/tron-price-prediction-how-much-will-be-trx-value-in-20182025">investments</a> into the local area, namely to the city of Sta. Ana. in Manila. Currently, this is the area of primary development. The country plans to make profits trading with APEC and also do international trade.
    
    <a rel="nofollow" target="_blank" href="#-price-crypto-trading-cryptocurrency-market">card</a>
    
    Obligatory checks
    
    The exchanges must renew their licenses every year. Besides, all exchanges are going to be checked for probity and <a rel="nofollow" target="_blank" href="https://cryptocomes.com/guides/exchanges-guide/okex/The-Complete-Beginner%27s%20Guide%20to%20OKEx%20-%20Review%202018">application</a> programming integration. Each procedure costs $100,000. These fees are non-refundable.
    
    All in all, around 70 exchanges have applied for a license to operate in this area. Apparently, they are all so eager, since the Philippines authorities are the first to provide regulations for the virtual asset market.
    
    <a rel="nofollow" target="_blank" href="https://cryptocomes.com/crypto-trading-legend-masterluc-you-can-visit-cemetery-of-dead-alts-wont-find-bitcoin-there">card</a>
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Philippines Say Yes to Crypto Trade As Crypto Exchanges Receive Operation Licenses

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Wed, 11/07/2018 - 13:53
Philippines Say Yes to Crypto Trade As Crypto Exchanges Receive Operation Licenses
Cover image via U.Today
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Recently the Philippines Cagayan Economic Zone Authority (CEZA) officially announced licensing these companies. One of them is from Thailand and the other two are Hong-Kong-based.

Advertisement

Each of these offshore platforms had to invest in the country’s economy $1 mln each.

Where the money goes

Raymundo T. Roquero, one of the CEZA administration, told journalists that the Hong-Kong located exchange Golden Millennial Quickplay Inc. (GMQ) plans to build here its infrastructure and will have an incubation period of two years before they are allowed to launch in Manila.

Together the exchanges add $3 mln of investments into the local area, namely to the city of Sta. Ana. in Manila. Currently, this is the area of primary development. The country plans to make profits trading with APEC and also do international trade.

card

Obligatory checks

The exchanges must renew their licenses every year. Besides, all exchanges are going to be checked for probity and application programming integration. Each procedure costs $100,000. These fees are non-refundable.

All in all, around 70 exchanges have applied for a license to operate in this area. Apparently, they are all so eager, since the Philippines authorities are the first to provide regulations for the virtual asset market.

card

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