Hello,
I am trying to get an idea about opening a new exchange. I read that there are certain procedures to get approval, with fees, for individual countries. Read somewhere that to allow exchange operate in Japan, one needs to pay a fees of around $100k. Does it mean, if that exchange has to operate in 20 countries, will it be needed to pay such a huge fees ?
I tried finding this information online, but I couldn't find this data for individual countries.
Any tips ?
Thanks
If you are serious to run your own exchange why don't you go and acquire a layer that might know more information for your country. Many of us here on forum are from different countries and thus we are not familiar with all the laws and fees that apply in other countries.