So its going to be a win-win situation if foreign body decided to go and registered in the Philippines and established their own ICO HQ there. Similar to what Singapore (another Asian country) is doing. That's why you will see many starts-up project are now base on Singapore. Perhaps we will see one day Philippines going on that direction as well. I'm looking forward to a day wherein Filipinos will have its own Projects, bolstering the economy and the crypto air in the country so that we can attract foreign entities to choose The Philippines. It will be really awesome to see that in the future.
That is what it is intended to do, attracting foreign investors with licenses and agreements and at the same time being a friendly country to the cryptocurrency market is a perfect situation for them. It also gives them a pretty big space for movement and the good thing about this licenses is they are only limiting the competition for up 25 organizations meaning you will have 24 companies to watch and monitor compared to other countries where you are competing hundreds of them. I just hope that aside from the new foreign funds coming inside the country they will practice hiring local labor instead of hiring foreigners in order for the Philippines to benefit more.