Revenues of the Cagayan Economic Zone Authority (CEZA) rose 212 percent in the first nine months of the year on the back of robust collections from offshore virtual currency exchange (OVCE) and blockchain firms and their local business processing outsourcing (BPO) subsidiaries.

Ceza Administrator and Chief Executive Officer Raul L. Lambino said in a statement that revenues during the period amounted to P518.29 billion from P166.88 billion in the same period last year.