Web3 firms are spending up to $25M on HK crypto licenses: Report
According to a June 27 report by local news outlet Foresight News, Web3 firms in Hong Kong are spending anywhere between 20 million and 200 million Hong Kong dollars ($2.55 million and $25.5 million) for the acquisition of a Virtual Asset Service Provider (VASP) licenses. Sources explained: “Since traditional financial institutions have no relevant prior infrastructure, and have gone from […]
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