Looks like they'll heat things up in ASEAN. I was fully expecting Malaysia or even Indonesia to organise themselves ahead of the Philippines, even though mainstream adoption (at least from what I can tell) is actually very much embedded in urban Philippines. Of course, this is probably because of the initial push from the PEZAs, not least from the Cagayan EZ.


Is this going to be the first one outside of Cagayan with this specific licence, which if I recall will have over 10 exchange licenses issued already. All of these are sort of FDI, though, wonder when the first local exchange will come up. The central bank there definitely seems a lot quicker to decide, while those in Indonesia and Malaysia are playing cat and mouse, despite the change of leadership in the latter.