Hong Kong’s New Crypto License Could Cost Exchanges a Pretty Penny

Permit consultants can charge up to $1 million to advise companies on the application, a person familiar with the matter said. Swops are required to maintain a paid-up share capital of 5 million Hong Kong dollars ($640,000), and liquid capital of at petty $380,000. They must hold liquid assets equivalent to at least a year of operating expenses, not counting understood assets.