Topic: [It's more fun in the Philippines] Welcome Crypto Economic Zone! - page 2. (Read 351 times)
What are you speaking about, guys? The news is quite amazing, but I'm interested in how will it correlate with existing banking system?
Sa totoo lang malaki ang maitutulongng cryptocurrency sa ekonomiya at bawas unemplyment din ito sa Pilipinas.
Una yata to sa mundo na may Crypto Economic Zone.
Una yata to sa mundo na may Crypto Economic Zone.
Maganda talaga to para sa ating lahat, sana lang talaga ay maging bukal ang mga tao sa ganitong sistema lalo na ngayon na kailangan talaga natin ng ganitong bagay lalo na sa mga studyanteng tulad ko nawa ay magkaroon din sila ng chance na malaman to para sa murang edad makatulong sa mga magulang.
Pag ito ay naimprove pa at naging mabilis ang pagkatuto ng mga pilipino tungkol sa cryptocurrency panigurado na aakyat ang ekonomiya gaganda ang buhay ng mga pilipino, magkakaroon ng mga bagong kaalaman tungkol sa mundo ng internet.
sr. member
Activity: 375
Merit: 1021
Just in case no one loves you, I love you 3000.
Philippines Welcomes Crypto Economic Zone
Just WOW News!
It's more fun in the Philippines.
Welcome Crypto Enthusiast!!!
After hemming and hawing in its strange relationship with cryptocurrencies and the businesses they imply, the Philippine government decided to make room for a set aside economic zone. The scheme is offered in hopes of generating more tax income, employment for its people, and perhaps a dedicated crypto university.
Philippines Allows Crypto Companies to Operate Economic Zone
Cagayan Economic Zone Authority (CEZA) spokesman Raul Lambinos told Reuters, “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.” Exchanges providing onramps to the nation’s fiat money, on the other hand, are encouraged to launch offshore to avoid running afoul of Philippine law.
Such zones offer advantageous tax regimes in the hope of creating more employment for Filipinos. Early this year, the country legalized such zones for crypto, which appears to be more welcoming to digital assets than other countries in the region.
Local authorities estimate over two years crypto companies will invest more than $1 million, with ten percent of that going toward building a tax base. Ambitious plans also include a possible blockchain-based financial technology university to help feed workers to surrounding businesses in the zone.
Acceptance, however, of an economic zone for crypto is a positive first start for the industry, and might signal a slight change of heart on the government’s end.
Read more: Philippines Welcomes Crypto Economic Zone
Be Positive
Just WOW News!
It's more fun in the Philippines.
Welcome Crypto Enthusiast!!!
After hemming and hawing in its strange relationship with cryptocurrencies and the businesses they imply, the Philippine government decided to make room for a set aside economic zone. The scheme is offered in hopes of generating more tax income, employment for its people, and perhaps a dedicated crypto university.
Philippines Allows Crypto Companies to Operate Economic Zone
Cagayan Economic Zone Authority (CEZA) spokesman Raul Lambinos told Reuters, “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.” Exchanges providing onramps to the nation’s fiat money, on the other hand, are encouraged to launch offshore to avoid running afoul of Philippine law.
Such zones offer advantageous tax regimes in the hope of creating more employment for Filipinos. Early this year, the country legalized such zones for crypto, which appears to be more welcoming to digital assets than other countries in the region.
Local authorities estimate over two years crypto companies will invest more than $1 million, with ten percent of that going toward building a tax base. Ambitious plans also include a possible blockchain-based financial technology university to help feed workers to surrounding businesses in the zone.
Acceptance, however, of an economic zone for crypto is a positive first start for the industry, and might signal a slight change of heart on the government’s end.
Read more: Philippines Welcomes Crypto Economic Zone
Be Positive
Jump to: