A government-controlled economic zone administrator in the Philippines, hoping for a $ 67 million US dollar license for the Cryptocuragency Exchange.
As previously reported by the CCN, Philippine government authorized the exchange of cryptographic exchange for working in the Cagayan Economic Zones Authority (CEZA) - complete with tax benefits - this year's April. The crypto firms operating in the zone will also be allowed to provide initial currency deduction (IOC) and cryptocurrences will work on mines, as well as from operating cryptoconces exchanges.
"We are licensed 10 platforms for Cryptoconce Exchange", said CEZA chief Raul Lambino at the time. "They are Japanese, Hong Kong, Malaysia, Koreans ... they can enter the cryptoknese mine, dedicate primary coins, or they can exchange."
Earlier this month, CEAGA published the PlantSto issue 25 primary licenses of the Cryptocorton Exchange. To get the license, companies need to invest at least $ 1 million in other requirements.
During the details, each 'major license' price is $ 360,000 and a 'regular license' will cost US $ 85,000, which has published a report from the Philippine government news agency, which does not provide details about the differences between the two licenses. Each recipient of a primary license will be allowed to provide four regular sub-licenses for trade and brokers.
Roquero CEZA expects 3.6 billion pesos to generate, almost $ 25 million licenses and only announced to disclose 67 million US dollars. Economic Zone Authorities are expected to generate more revenue with one 0.1 percent of each single transaction operated in this licensee exchange.