An all-Filipino executive team from a Hong Kong-based crypto-currency company has conducted what it said is the first IEO (initial exchange offering) for a Filipino crypto-token.
In mid-May, CEZA unveiled its cryptocurrency initiative dubbed "Crypto Valley of Asia", which set off a rush of cryptocurrency and fintech firms to locate in Santa Ana, Cagayan.
The Cagayan Economic Zone Authority (Ceza) has clarified that it has not issued any license for online cockfighting and stressed that anyone engaged in such activity is violating the anti-illegal gambling law.
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.
