📣 Hong Kong's crypto exchange licenses are now a bargain, costing only several million dollars, a far cry from last year's $25 million tag! Livio Wang of HashKey Group spilled the beans to the Financial Times, explaining the costs vary depending on the licensing stage. Since June 1, Hong Kong has shown unlicensed exchanges the door, with 11 firms now "deemed to be licensed". HashKey and OSL are the only fully licensed players in town. HashKey, now managing $500 million in user assets, has seen a 267% surge in activated customers week-on-week. But remember, cheap licenses don't mean easy money - just ask the investors who lost $166 million to unlicensed exchange JPEX last year!