Crypto exchange Gate eyes Hong Kong licence even as compliance costs challenge growth

Cryptocurrency exchange Gate, whose Hong Kong unit last year pulled out of the city's virtual asset trading platform (VATP) licence application, may consider applying again, but high compliance costs still pose challenges for the company, according to founder and CEO Lin Han. "We understand the intention behind [Hong Kong's] policies, but they do impose some constraints," Han said in an interview on Thursday. "After a year of operation [in Hong Kong], we discovered that it was difficult to cover