Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


Philippines “Silicon Valley” OKs First Crypto and Blockchain Businesses

Philippines "Silicon Valley" OKs First Crypto and Blockchain Businesses

Support free writers: > send a tip

written by

It has been announced that the Cagayan Economic Zone in the Philippines is about to grant licenses to 10 cryptocurrency and blockchain exchanges so that they can conduct business there.

The exchanges, from Japan, Hong Kong, Malaysia, and South Korea, according to CEZA chief Raul Lambino, “…can go into cryptocurrency mining, initial coin offerings, or they can go into exchange.” According to Reuters, there is, however, a stipulation that trading between fiat currencies and cryptocurrencies must take place offshore

The Cagayan Economic Zone Authority

The Philippines started developing Special Economic Zones (SEZ) in the mid-1990s in order to promote investment, including foreign direct investment (FDI). Over the past 22 years, Philippine SEZs have become a magnet for FDI, especially in attracting manufacturing investment. The Netherlands, Japan, Singapore, the US, and, more recently, South Korea, have been the top sources of investment in the Philippine SEZs.

The Cagayan Economic Zone aiming to become Asia’s answer to Silicon Valley has set up a fintech hub this year. CEZA will require companies to invest at least $1 million over two years and pay up to $100,000 in license fees. There are also plans to build a blockchain and fintech university on site to generate a pool of skilled professionals offering employment opportunities with new companies that set up there in the future.


This announcement comes amid government plans to stem the flow of crypto crime in the Philippines with its rapidly growing economy and cryptocurrency boom. Both Cryptocurrency and its underlying technology has received broad public interest in the country of late and financial institutions are increasingly looking for ways of keeping pace with demand.

The 10 companies will become the first blockchain and crypto-related firms to legally operate in the Philippines after regulators legalized their entry into CEZA earlier this year.

Earlier this month, the Securities and Exchange Commission (SEC) of the Philippines issued an advisory on cryptocurrency Cloud Mining contracts, demanding that they be classified as securities.

image source/DaGreen 99  –

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter