02/06/2019 11:04

Release： 02/06/2019 11:04

Update： 04/08/2021 02:35

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CEZA (Philippine Economic Zone Authority) announces regulatory framework for ICOs! Summary of reactions to NoaCoin

Philippines Customs Economic Zone Authority (CEZA) announces regulatory framework for ICOs

On February 4, according to Finextra, a leading independent news site for the global fintech community based in the United Kingdom, the Philippines' Economic Zone Authority (CEZA) revealed a comprehensive framework to regulate the Philippine cryptocurrency industry, particularly initial coin offerings (ICOs).

Company announcement: Philippines issues new rules on acquiring cryptocurre...https://t.co/Z7qypYWVlx #fintech
— Finextra (@Finextra)February 4, 2019

Under the newly announced ICO framework, CEZA serves as the regulatory authority, and the Asian Blockchain Crypto Association (ABACA) is designated as the Self-Regulatory Organization (SRO) to assist with the implementation and enforcement of the new rules.

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