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## Philippines to Issue 25 Cryptocurrency Exchange Licenses in Economic Zone
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https://steemitimages.com/0x0/http://i.giphy.com/l0MYDebRxbA6IXiW4.gif
[source](https://steemitimages.com/0x0/http://i.giphy.com/l0MYDebRxbA6IXiW4.gif)

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The Cagayan Economic Zone Authority (CEZA), the government's economic zone at the northern tip of the Philippines,
will open its doors to as many as 25 crypto exchange operators in its tax jurisdiction.

### 25 new stock exchanges - not bad!
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To give gain a crypto exchange license, 
they will have a thorough check of the integrity and identity of the founder and  managers the exchange.

One of the conditions

### Any exchange of crypto funds must made investment of at least one million dollars within two years from the beginning of the work in the zone,
as well open  the Office in the zone.
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Also,
every exchange of crypto currencies will have 20-30 sub-licenses for merchants and brokers.
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The CEZA has defined its position:

"They can enter mining the crypto-currency, the initial coin offering, or they can enter the exchange."

The reaction immediately followed - CEZA has already received numerous crypto applications from companies in the region to operate in a tax haven strategically located within an hour of flight from Hong Kong, China and Taiwan.
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### It's so good to work.

https://cdn.steemitimages.com/DQmV8DPsgoh4rX4eEHqLmtPx43tK9fsjAaPJUFSk3FtSijD/image.png
[source](https://cdn.steemitimages.com/DQmV8DPsgoh4rX4eEHqLmtPx43tK9fsjAaPJUFSk3FtSijD/image.png)
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The Philippines is among the first countries in the world to published rules for crypto exchange, a long time ago there in February 2017.

In a  television interview for journalists, the deputy director of the central bank of the Philippines praised the pioneer regulation and emphasized the benefit of using bitcoins
### as a "fast, close, realistic and convenient" monetary instrument.
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### A little older news, Before 5 days:
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https://cdn.steemitimages.com/DQmQyp4hvf7qHB14i8WHEaCstdrZyAarL7yeFkrk1Tj9dAy/image.png
[source](https://cdn.steemitimages.com/DQmQyp4hvf7qHB14i8WHEaCstdrZyAarL7yeFkrk1Tj9dAy/image.png)


A famous duo Andreessen Horowitz recently launched a16z crypto,
a $300 million venture fund focused on investing in cryptocurrency startups and protocols. 

Andreessen Horowitz has a history of investing in cryptocurrency companies, including blockchain gamemaker Cryptokitties and the cryptocurrency exchange, Coinbase. 

The a16z fund, however, expands the company’s options for investments. 

The fund will allow the VC firm to make more flexible investments, along with the ability to invest not only in cryptocurrency-related entities, but in digital tokens and cryptocurrencies created by those companies as well.

## The a16z fund signals a large milestone for the cryptocurrency industry. 
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https://cdn.steemitimages.com/DQmNgEbfLjNu6GHuErnuUNUffLiNMG5Q8pXDRcWSJyTpc96/image.png
[source](https://cdn.steemitimages.com/DQmNgEbfLjNu6GHuErnuUNUffLiNMG5Q8pXDRcWSJyTpc96/image.png)
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Andreessen Horowitz is one of the largest VC firms internationally. 

## Support from the Silicon Valley-based VC firm adds greater legitimacy to the cryptocurrency industry.

Crypto Fund Will Invest in Startups, Digital Currencies, and ICOs 
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#### Chris Dixon a general partner at Andreessen Horowitz, said of the firm’s existing investments in crypto assets:

“We’ve never sold any of those investments ( of before ) , and don’t plan to anytime soon.
We structured the a16z crypto fund to be able to hold investments for 10+ years…We plan to invest consistently over time, regardless of market conditions. If there is another ‘crypto winder,’ we’ll keep investing aggressively.”
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### Conclusion

#### These news are good examples for others who are not sure of their decisions. As and for to raiseing the moral of members of the crypto community.

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