Digital Asset Exchange Approved To Operate Within FAB

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Located within 2 1/2-hour drive, 55-minute boat ride or a 25-minute helicopter flight from Manila, the Authority Freeport Area of Bataan (AFAB) is situated at the crossroads of international shipping routes between the West Coast of North America, the Far East and Southeast Asia. Its strategic location also includes proximity to lucrative overseas markets such as Taiwan, Hong Kong, Japan, Korea, and the People’s Republic of China. It offers technology businesses competitive incentives, freeport services, and other special privileges which have been recently enhanced under Republic Act No. 11453 approved on August 30, 2019. AFAB is set to establish an exclusive digital asset exchange and financial platform to cater to the needs of its international client and operator base. In line with this, AFAB has exclusively approved the operation of iWave Advanced Research Group (iWave). iWave is a subsidiary of DFNN, a publicly traded company at the Philippine Stock Exchange.…

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