Philippines Plans to Earn $67M With Crypto Licenses

The first deputy head of CEZA said that the authorities charge $ 360,000 for the principal and $ 85,000 for a regular license,
11 July 2018   1294

The authorities of the Cagayan Economic Zone of the Philippines intend to earn $ 67 million in licensing exchanges of cryptocurrency exchange. This is reported by CoinDesk.

The Cagayan Economic Zone Administration (CEZA) announced that it issued the principle operating license to the Hong Kong cryptoexchange.

CEZA reported that the license was issued under the program for the issuance of 25 principle licenses for crypto exchanges. Each company that has received such a license will be able to independently release at least 4 ordinary licenses.

The first deputy head of CEZA, Raymundo Roquero, said that the authorities charge $ 360,000 for the principal and $ 85,000 for a regular license, but did not explain what the difference between the two licenses is.

He also noted that CEZA intends to earn 3,6 billion pesos or about $ 67 million for issuance of licenses for cryptocurrency companies. Besides the license fee paid once, the admitted exchanges are obliged to pay CEZA at 0.1% per transaction through their platforms .

Roqueiro said that CEZA received 70 applications from cryptocurrency exchanges. In the near future, the authorities will continue issuing licenses, as 6 applicants have already paid a license fee. In addition to the above requirements, the exchanges registered in a special

Nasdaq to Launch Index, Based on 100 Crypto Assets

Neural network, considering 200 different factors, helped to create the list of the assets tracked by the CIX100 index
16 October 2019   112

Nasdaq, the world's second largest stock exchange, has added the CIX100 index based on 100 crypto assets, reports CoinTelegraph.

When building a basket of hundreds of leading digital assets, the tool from uses neural network algorithms that take into account more than 200 different factors. Such a comprehensive analysis allows, in particular, to exclude coins with fake volumes.

It is also known that the index draws data on transactions on the nine largest bitcoin exchanges, and also analyzes information from social networks and the media. Only those coins that last in the top 200 for at least three months can become components of the CIX100. The composition of the index will be reviewed monthly.

According to the developers, the index will be useful for both newcomers to the industry and professionals.