World Distribution Federation (WDF) Participates in Philippine CEZA Crypto Valley of Asia Project

World Distribution Federation (WDF, Charman Jaehak Lee) will be participating in the Crypto Valley of Asia project in CEZA-Cagayan Economic Zone Authority, Philippine 

WDF clarified that WDF had joint agreement with Increz Korea WMH-KOREA. CEZAINT INVEST at WDF Office located in Guro-dong Seoul in November 29, 2018 (Thurs). Increz Korea is an affiliate company of CALVEREN HOLDINGS which acquired the license for Philippine CEZA.

According to WDF, chairman Jaehak Lee of WDF, president Myeongsub Lee of WMH-Korea, representative Kyungdae Baek of CEZA Principal, and president Kyogwang Hwang of CEZAINT Invest Chief Officer Special Affairs participated in the joint agreement ceremony and discussed on the project to be carried out.

The joint agreement was carried out as WDF received business rights from president Kyungdae Baek who received CEZA Principal License and Raul Lambino of Philippines.

In accordance with the agreement, WDF and WMH-Korea will be receiving all business rights on economic development including blockchain, FinTech, cryptocurrency business, and cryptocurrency ICO from Philippine CEZA (Cargayan Economic Zone Authority).  

Chairman Jaehak Lee of WDF said “WMH has a headquarter in Network and WMH-Korea is currently active in Korea” and that “We plan to establish WMH Asian headquarter in Philippine CEZA and Philippine headquarter and we will make the CEZA Special Economy Zone as the mecca of blockchain in Asia”.

Also, minister Raul Lambino of Philippine announced on establishing CEZA as the Silicon Valley and FinTech Hub for Asia and clarified that CEZA will be actively inviting companies from Korea, Japan, and Australia.  

Currently, CEZA is enforcing regulations on cryptocurrency-related companies operated in Economic Zone without approval from the authority.

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