The third financial technology solutions and offshore virtual currency (FTSOVC) provincial principal license was issued by the Cagayan Export Authority (CEZA) to Liannet Technology Ltd., a Hong Kong-based subsidiary of Apsaras Group, this Thursday.
CEO and CEZA Administrator, Raul Lambino, said that he is quite optimistic that finally his dream of transforming the country like Silicon Valley’s Asian counterpart now seems a step closer than before.
Raul Lambino further added that the Fintech and blockchain projects in CEZA are likely to create around 20,000 jobs no sooner CEZA awards the initial 25 principal licenses to qualified Fintech companies.
After Golden Millenial Quickpay Inc. and Ultra Precise Investments Ltd., Liannet is the third Fintech firm that has been granted an FTSOVC license by CEZA. This provisional license lasts for six months. The president of Apsaras Group, Li Jian, expressed his gratitude to the agency at the Amertime International Blockchain Summit. The summit was held at the EDSA Shangri-La Hotel in Ortigas Center, Mandaluyong City.
Li Jian said in his speech that they are confident that the CZC Exchange will be able to contribute towards the development of CEZA and to serve people who believe in cryptocurrency and blockchain. He further added that they wish to work closely with the agency to create an Asian Silicon Valley using cryptocurrency and blockchain technology.
As reported by Cryptovest, earlier this week Lambino mentioned that the massive interest in Fintech solutions and digital currencies has helped CEZA to deliver strong revenue with earnings soaring to nearly 52 percent in the second quarter.
He further said that the overwhelming interest of the offshore companies in crypto trading and financial technology solutions wanting to be based out of the Cagayan Special Economic Zone has surpassed all their expectations. He also mentioned that inquiries about the project are rising on a daily basis.
The post CEZA Issues Third Provisional Principal License To Liannet Technology Ltd. appeared first on OWLT Market.
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