Quote from: wvizmanos on May 24, 2018, 04:12:51 AM

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 exchanges registration through CEZA, the Cagayan Economic Zone Authority a special economic zone offering a number of tax incentives to companies operating in the countrys 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. Were 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.

Good initiative taken by the Philippines. They are the smart one and knows the true benefit of letting them in. They are the one that knows how it is going to help them to make their economy stronger. Unfortunately it is only the Asian countries that are actually realizing the try power of crypto currencies and hence they the only one taking those steps and staying one step ahead of the western countries.