KOROR, 23 DECEMBER 2025 (OCCRP) — When police raided the Cocoro Hotel in Palau’s main city of Koror in January, the scene they uncovered was far removed from the tiny Pacific Island country’s postcard-perfect image. Picture-perfect aerial view of Malakal and the famous Rock Islands of Koror State, the commercial center of Palau. It was […]
Tag: cryptocurrency
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Binance CEO Zhao “CZ” to meet OEK members today
The founder and CEO of the world’s largest cryptocurrency exchange, Binance, Changpeng Zhao, known as “CZ’ is meeting national congressmen – Olbiil Era Kelulau, today to discuss having Palau’s digital residents’ ID cards recognized on Binance’s platform. Bril Wang Mr. Zhao is also accompanied by Bril Wang of Cryptic Labs, Palau’s Digital Residency Program partner. […]
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FIB says proposed call center project inconsistent with company’s FIAC
The Foreign Investment Board (FIB) revealed that the plan by a Chinese insurance company to build a call center facility in Melekeok State is outside the scope of the Foreign Investment Approval Certificate (FIAC) issued to it in January 2017. FIAC No. 609-2017, which was issued to Chinese company GT Insurance Inc., was granted to […]
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$4-M call center facility proposed to be built in Melekeok
A project to build a $4-million call center facility for a Chinese blockchain insurance company is reportedly being proposed to the Melekeok State government. The project description shared to the media identified the project as GT Industrial Park which will provide office space and accommodation facilities to around 500 Chinese employees who will work for […]
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FIB denies application of cryptocurrency exchange firm
The Foreign Investment Board (FIB) last week rejected the foreign investment application of a company that wants to launch a cryptocurrency exchange in Palau, stating that venture “would not provide an overall benefit to the national economy.” Earlier a company called Silver Lake applied for a Foreign Investment Application Certificate (FIAC) to launch a put up a cryptocurrency exchange […]
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FIC imposes moratorium on crypto operations in Palau
Representation Image The Financial Institution Commission (FIC) has stepped in to clamp down against cryptocurrency start-ups using Palau’s name to gain investors by imposing a moratorium against any new applicant who wishes to engage in financial activities involving virtual assets and currency. In a resolution adopted on March 19, the governing board of FIC said […]