Cryptomelix head revealed plans to obtain a license in the philippines

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Crypto Regulation
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Cryptocurrency exchange CryptoMelix plans to apply for licenses of virtual asset service provider and electronic money issuer in the Philippines. This was announced by the head of the company at a press conference. In his opinion, the Philippines has created an environment in which "innovation works better".

The head of CryptoMelix said that he had already met with the authorities to discuss the issue. He also announced that the company will expand its team.

"We're working closely with the authorities - advising them or helping shape regulations by sharing our best practices and providing feedback from an industry perspective," he added.

He did not give a specific timeline for registration in the Philippines. There are too many external factors affecting the process, he said. The head of the company expects to be able to implement the plans within a few months.

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Anthony Cuthbertson

Anthony is an experienced writer, interested in everything decentralized since 2019. Before joining Crypto.News, he wrote for some of the top DeFi and CeFi outlets, bringing in millions of views and educating readers with his knowledge of the industry.