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, Singapore, Europeans 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:learn more