Why is FFG market cap less than its assets?, page-139

Here you go @Raggertooth,
This states what regulations will need to be met:

31 May 2018 ASX Announcement

Cryptocurrency Exchange Kryptos-X targets Q3 Launch
Highlights:

• Fatfish’s 27% owned Kryptos-X has commenced pre-trading operations and is working with its partners for a Q3 2018 trading launch

• New opportunities are being explored beyond the initial Singapore based cryptocurrency market

• Kryptos-X will engage with the Monetary Authority of Singapore (MAS) and other global regulators as the regulatory environment for crypto trading rapidly changes and evolves

• Kryptos-X is working with its platform development partners to launch a trading platform with the capacity, functionality and connectivity (e.g. FIX protocol) needed to enable banks, brokers, advisers and other professional intermediaries to offer their clients crypto solutions

• Kryptos-X is working with its partners on the implementation of effective Know Your Customer (KYC) and Anti Money Laundering (AML) processes

• Select professional customers and developers have reviewed and recommended enhancements which are being implemented to the core trading and backend systems and processes Fatfish Internet Group Ltd (“Fatfish”, “FFG” or the “Company” is pleased to announce that its first blockchain investee, Kryptos-X Pte.Ltd.
(“Kryptos-X”, the “Exchange”,
is aiming for a third quarter launch this year as it finalises and refines platform development and continues to meet regulatory requirements

Lets not forget Tony MacKay created Chi-X so knows the rules and regulations,
As he has set up exchanges that Banks and Brokers use all over the world...