WNK SYSTEM

[Second Company Admitted to the FinTech Regulatory Sandbox for Digital Asset Trading in Cambodia
Launch Ceremony Confirmed in Phnom Penh on July 25]

[TechWorldNews Reporter Park Ji-sung] Blockchain company WnK System (CEO: Kang Jae-ho) announced on the 11th that it has been admitted to the FinTech Regulatory Sandbox in the securities sector for the Mekong Exchange digital asset trading system pilot. The application was submitted to the Ministry of Economy and Finance after passing two final reviews from the Securities and Exchange Regulator of Cambodia (SERC) on June 27.

As a result, WnK System became the second company admitted to the sandbox after Royal Group, a Cambodian company, was admitted in January. The Securities and Exchange Regulator of Cambodia had previously stated that it would admit only two companies in line with Cambodia's economic scale and blockchain market conditions.

According to a company representative, "Our virtual asset exchange system has been recognized for its technological superiority, as we smoothly passed the government approval process from the Securities and Exchange Regulator of Cambodia and its superior institution, the Ministry of Economy and Finance. Additionally, our active efforts in promoting blockchain technology exchange between Korea and Cambodia, nurturing IT talent, and attracting investments from related Korean companies were key factors that the Cambodian government highly appreciated."

Meanwhile, WnK System will hold a launch ceremony on July 25 at the Fairfield by Marriott Hotel in Phnom Penh, Cambodia, inviting government officials from both countries, business leaders, and blockchain associations.







Source: TechWorldNews (http://www.fntoday.co.kr)