Hashkey is considered the first cryptocurrency exchange in the Asia-Pacific region to go public. The listed companies are scarce. It's the only exchange listed on the Hong Kong Stock Exchange. Its market capitalization is less than 2 billion. It seems that regulatory costs in Hong Kong have always been very high, which is the biggest obstacle to Hashkey's profitability—high compliance costs. It feels like Hong Kong needs to improve. Taxi drivers only recently started using smart payment terminals; before that, it was all cash only, which is ridiculous. The bamboo scaffolding was only changed after a fire years ago. These various problems highlight Hong Kong's backwardness in many areas. If regulations were relaxed, there would be a lot more that could be done to ensure compliance, especially considering the large number of crypto millionaires in mainland China.