CFT announces the merger and acquisition of its Asian communities

PANAMA CITY, PANAMA/ACCESSWIRE/May 23, 2022 / CFT Association Community was taken over by Cryptocurrency Foundation and Asia Gambling Entertainment Group; a foundation established and registered in Panama since 2018.

This well-established cryptocurrency foundation is currently active in supporting various cryptocurrency activities, including its investment trust products, while the Asia Gambling Entertainment Group covers the portfolio of entertainment and gaming industries. through the online platform.

Since the beginning of the 20th century, Panama has built, with canal revenues, the largest regional financial center (IFC) in Central America, with consolidated assets representing more than three times the GDP of Panama. The banking sector directly employs more than 24,000 people. Financial intermediation contributed 9.3% of GDP. Stability has been one of the main strengths of Panama’s financial sector, which has benefited from the country’s favorable economic and business climate. Banking institutions are showing healthy growth and solid financial results. The banking supervision regime is largely in line with the Basel Core Principles for Effective Banking Supervision. As a regional financial center, Panama exports certain 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 the worldwide reputation of being a tax haven.

Panama offers great asset protection tools so the business can be safe rather than sorry. In this country you can create large structures such as the Sociedad Anónima or the Free Zone Companies, all within an excellent framework of tax optimization thanks to the territorial tax system of the country. These are undoubtedly excellent structures that can help you grow your business beyond what you could imagine.

To move forward with this takeover exercise, CFT will undergo a rebranding exercise starting with the name of the Association to CFT By CF.

Then CFT will have the exclusive rights to issue CFT Token (official name to be confirmed) for its community and ecosystem use. This CFT token will be used as the main tool in all transactions where the launch date, including its details, will be announced at the nearest time.

Subsequently, CFT will roll out the Future Trading investment product and our 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 aims to launch its own gaming products, including Metaverse in the coming year; a pure online game in Metaverse including casino and other exciting entertainment lines mainly using CFT token.

With these new developments to come within the Association, CFT looks forward to and is fully assured of the optimistic future growth of CFT in the years to come.

Company name: CFT by Cryptocurrency Foundation
E-mail: [email protected]

THE SOURCE: Crypto Futures Trading (CFT)

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