Philippines, Korea and Thailand will create a Crypto Valley
The three Asian countries seek to be a world reference in the use of blockchain technology and cryptocurrencies after the success of similar initiatives in countries such as Malta
Three Asian countries seek to become a global reference in topics that are currently important for the global economy such as blockchain technology and cryptocurrencies. Thailand, South Korea and the Philippines work to create a Crypto Valley.
After initiatives with positive results in other countries, the three nations seek to create an environment favorable to digital currencies and the application of blockchains.
The Philippines and South Korea lead the project. In this regard it was learned that last July, the Authority of the Economic Zone of Cagayan (CEZA), an area in the far north of the Philippines operated by the government, issued 25 cryptocurrency exchange licenses, which has allowed companies of cryptocurrencies perform their tax-exempt operations.
On the ambitious project, Lito Villanueva, president of FintechAlliance, has indicated that they aspire to create the Crypto Valley of Asia through the establishment of a blockchain center for US $ 100 million.
The three countries work with the objective of strengthening investment, promoting economic and technological development, which will allow the launch of new applications as well as benefit from decentralized technology.
M.Pino
Source: Diario Bitcoin
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