Hong Kong crypto exchange license applications cost less than expected
All unlicensed crypto exchanges have been kicked out of Hong Kong.
Hong Kong crypto exchange licenses are costing applicants several million dollars, a far cry from the $25 million witnessed a year ago.
In an interview with the Financial Times, Livio Wang, chief operating officer of HashKey Group, said that the crypto exchange licenses are “not necessarily tens of millions of dollars, but certainly tens of millions of Hong Kong dollars [several million in USD].”
He explained that “the costs corresponding to the stage of preparing license review materials are different from those of the operation stage.” He further stated:
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Author: Zhiyuan Sun
