PANAMA CITY, PANAMA / ACCESSWIRE / May 23, 2022 / CFT Association Community have been taken over by Cryptocurrency Foundation and Asia Gambling Entertainment Group; a foundation established and registered in Panama since 2018.
This well-established Cryptocurrency Foundation are presently active in supporting various cryptocurrency activities including its investment trust products, while the Asia Gambling Entertainment Group cover the portfolio of entertainment and gaming industries via the online platform.
Since the early 20th century, Panama has with the revenues from the canal built the largest Regional Financial Center (IFC) in Central America, with consolidated assets being more than three times that of Panama's GDP. The banking sector employs more than 24,000 people directly. Financial intermediation contributed 9.3 percent of GDP. Stability has been a key strength of Panama's financial sector, which has benefited from the country's favorable economic and business climate. Banking institutions report sound growth and solid financial earnings. The banking supervisory regime is largely compliant with the Basel Core Principles for Effective Banking Supervision. As a regional financial center, Panama exports some banking services, mainly to Latin America, and plays an important role in the country's economy. However, Panama still cannot compare to the position held by Hong Kong or Singapore as financial centers in Asia.
Panama still has a reputation worldwide for being a tax haven.
Panama offers great asset protection tools so the company can be safe rather than sorry. In this country, you can create great structures like the Sociedad Anónima or the freezone companies, all of this within a great framework of tax optimization thanks to the country´s territorial tax system. These are undoubtedly great structures that can help you develop your business beyond what you could ever imagine.
Moving forward with this takeover exercise, CFT shall undergo a re-branding exercise starting with the Association naming to CFT By CF.
Next, CFT will have the exclusive rights of issuing CFT Token (official name to be confirmed) for its community and ecosystem usage. This CFT Token will be used as the main tool in all transaction dealings where the launching date including its details will be announced at the nearest time.
Subsequently after, CFT will be rolling out Future Trading Investment Product and our very own Staking Program ie. CFT DeFi - Staking with unique features fully supported by the Cryptocurrency Foundation.
Finally, with the presence of Asia Gambling Entertainment Group, CFT is aiming to launch its own gaming products including Metaverse in the coming year; a pure online gaming in Metaverse inclusive of casino and other exciting entertainment lines utilizing primarily the CFT Token.
With these upcoming new developments within the Association, CFT eagerly anticipate and are fully assured of CFT's optimistic future growth in the coming years.
Company Name: CFT by Cryptocurrency Foundation
Email: [email protected]
Website: www.cft2u.com
SOURCE: Crypto Future Trading (CFT)