Photo | HK firm to put up cryptocurrency operations at Cagayan free port

Cagayan Economic Zone Authority (CEZA) administrator and CEO Raul L. Lambino (2nd from left) and Changwei International chairman Lin Yong Wei (left) display copies of the Memorandum of Agreement (MOA) they signed recently in Manila.

Photo credit: Joseph Muega

Hongkong-based Changwei International will establish an offshore crypto exchange platform and develop an Initial Coin Offering (ICO) and other crypto mining operations at the Cagayan Special Economic Zone and Freeport.

Also in photo are Zhuang Ming Gang (third from left), chairman of the Xin Peng Group, and CEZA senior deputy administrator Raymundo T. Roquero.

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