Hashkey CEO: The tens of millions of US dollars in licensing costs for Hong Kong virtual asset trading platforms are not true, and should be “tens of
Hashkey Exchange CEO Livio Weng stated in a recent interview with FT Chinese that the cost of applying for a license may not necessarily be in the millions of dollars, but it is definitely in the millions of Hong Kong dollars. The cost during the application preparation phase may differ from the cost during the operational phase. For companies like HashKey that are already in operation, the investment in the entire exchange sector is indeed in the millions of US dollars, but platforms that are still in the application phase are not expected to have this much investment. Weng also revealed that the Hong Kong Securities and Futures Commission may not have enough manpower to conduct a comprehensive review of all Native Web3 institutions, but at least it has clearly embraced a development path. This is better than the previous stage of feeling one's way across the river and being overly cautious, and it is optimistic that after setting the risk control level, regulation will enter a new stage. The "531" policy promotion is also a widespread education for the entire market, laying the foundation for the long-term development of Hong Kong Web3.
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