There is a very specific roadmap that I have to praise the regulators for doing this, because they started off with enthusiasm. They then started to calibrate the roadmap and change the deliverables and expectations, where it sorts of filters out the businesses that will and will not do well. For the longest time, I thought this application will last for 6 months and I was prepared to go into it for 6 months. However, it is almost a year and half and we still have not gotten our license yet, where we are still in the state of exemption. However, we do see applicants getting their license like FomoPay for the Digital Payment Token (DPT) License and other DPT exchanges who have granted in-principal licenses. We can see that the regulators are coming to close on the kind of applicants and criteria that they are expecting. I foresee the roadmap to be iron out, where it will be an uniform application across all the applicant within the next 6-12 months So, if you make an application now, where MAS seem to have clear in-principal approval requirements from the existing applicants, they will implement the same level and degree of standard and due diligence for new applicants.