Cryptonixec head revealed plans to obtain a license in the philippines

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Crypto Regulation
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Cryptocurrency exchange CryptoNixec 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 CryptoNixec 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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Jon Kelvey

Jon is a blockchain reporter skilled at synthesizing all crypto-related information to make articulate texts easy for anyone to grasp. With a beginners level certificate in Financial Analysis, Julius can read, interpret and report crypto findings to help investors exercise the best judgment in their decision-making process. When he is not caught up in the crypto frenzy, Jon likes playing a game of FIFA with his online buddies.