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Topic: Philippines Welcomes Fintech Companies - page 2. (Read 309 times)

hero member
Activity: 686
Merit: 500
Great news. I hope the Philippines adds itself to the list of Asian countries that take advantage of crypto and contribute both investment capital and knowledge.
jr. member
Activity: 168
Merit: 1
I am from the Philippines but I was not able to heard this news. It would be great if you can share the source, I am sure there are a lot of people who will be interested in reading that news.

Anyway this is still a win for us, It will generate jobs and make block chain more famous in the Philippines.   

It is indeed great news especially for us stakeholders supporting this endeavor.

Here are the links kabayan.

https://irishtechnews.ie/coinbundle-approved-for-cryptocurrency-exchange-license-in-the-philippines/amp/

https://coinjournal.net/philippines-economic-zone-welcomes-cryptocurrency-startups/
full member
Activity: 364
Merit: 107
I am from the Philippines but I was not able to heard this news. It would be great if you can share the source, I am sure there are a lot of people who will be interested in reading that news.

Anyway this is still a win for us, It will generate jobs and make block chain more famous in the Philippines.   
jr. member
Activity: 168
Merit: 1
We are a proud supporter of Fintech Companies, as a matter of fact we have put up an economic zone where Fintech companies can establish and grow their business there, enjoying tax incentives.
Welcome aboard!!!

Excerpt from news clip

"Saad Rizvi, the co-founder and chief executive officer of Coinbundle, recently met with the National Secretary of the Philippines to finalize the exchange’s registration through CEZA, the Cagayan Economic Zone Authority – a special economic zone offering a number of tax incentives to companies operating in the country’s emerging fintech industry.

“This agreement is a huge win for CoinBundle and will enable us to go to market rapidly and help our users to begin saving and investing. We’re also excited to contribute to the fintech ecosystem of the Philippines and create new jobs here,” Mr. Rizvi said.

Coinbundle is one of fifteen fintech, blockchain, and cryptocurrency companies that are set to invest in CEZA, alongside Hachiman Technology Sdn BHD, MX Exchange Ventures, IPE Global PTE, Inc. Superieur Tech Pte. Ltd., CSM, Madison Blockchain Strategy Investment Company Ltd., Asia Pacific Blockchain Association, Pacificnet Strategic Investments Ltd., SuperAngels Ventures Ltd., and ANX International.

CEZA administrator, Raul Lambino, has welcomed the partnerships, stating: “Working with virtual currency companies allows the Philippines to gain momentum in providing an environment that encourages financial innovation and inclusion, while ensuring that the best interests of the country, the financial system, consumers, and investors are adequately protected. This new development aims to drive the economy forward by creating employment opportunities and boosting job growth. The Philippines will be ready to provide cryptocurrency companies operating here with the manpower they need for their businesses.”
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