The Cagayan Economic Zone Authority (CEZA), a special economic zone in the north of the Philippines has granted an offshore virtual currency exchange (OVCE) provisional principal license to Hong Kong-based Asia Premier International Limited (APIL). This brings to 17 the number of offshore fintech terms given the privilege to operate a cryptocurrency exchange within the Sta. Ana, Cagayan, zone.
In a statement sent to reporters, CEZA administrator Raul L. Lambino said APIL was given its OVCE in order to coincide with the launch of APIL NiuEx Exchange. API chairman and chief executive officer Alexander Fu Kong Sang accepted the OVCE. The launch was held at the Grand Ballroom of Manila Marriott Hotel in Pasay City.
Lambino stated:
“Today, we formally welcome Asia Premier International Limited as a member of the Crypto Valley of Asia, CEZA&rsquo...
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