Hong Kong-based cryptocurrency exchange Asia Premiere International Ltd has secured a provisional license to operate in the Cagayan economic zone, according to the statement of Filipino authorities.
It was also noted that Asia Premiere International will operate as a Financial Technology Services and Offshore Virtual Currency Exchange on Cagayan Economic Zone.
As it was stated earlier, The Philippines government-owned Cagayan Economic Zone Authority (CEZA) manages the development of the Cagayan special economic zone in Cagayan Province, Northern Luzon, Philippines. It should become a self-sufficient industrial, commercial, financial, tourist and recreational center for the effective attraction of local and foreign investment.
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