Philippine Special Economic Zone Authorizes the Development and Launch of a Decentralized and Centralized Digital Asset Exchange

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The Authority of the Freeport Area of Bataan (AFAB) has officially licensed a centralized and decentralized digital asset exchange to operate within its special economic zone for the benefit of international investors. AFAB is the fastest-growing freeport in the Philippines located in the province of Bataan. FAB addresses the needs of the new normal by providing extensive benefits to its operators. This includes offering a conducive virtual and physical business ecosystem supported by near-zero tax incentives, low-cost resources, access to capital, and to credit, all of which give any virtual or physical enterprise a distinct advantage in the new world. iWave Selected to Offer Capital Market Services and a Global Exchange AFAB awarded iWave Advanced Research Group to (doing business as Global Trade Exchange or GTX) an 8-year exclusive license to operate a decentralized and centralized digital asset exchange and financial services company under the authority of the zone. The…

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