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Crypto Exchanges Face Tough, Costly Hong Kong License Approval Process

by The Dao Makers
August 6, 2023
in Crypto Updates
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Licensing consultants can cost as much as $1 million to advise corporations on the applying, an individual aware of the matter stated. Exchanges are required to keep up a paid-up share capital of 5 million Hong Kong {dollars} ($640,000), and liquid capital of at the least $380,000. They need to maintain liquid property equal to at the least a yr of working bills, not counting digital property.



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Tags: ApprovalcostlycryptoExchangesfaceHongKongLicenseprocessTough
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