Asia-Based Crypto Firm HashKey Secures
VASP Approval
In Ireland—Details
Asia-Based Crypto Firm HashKey Secures VASP Approval In Ireland—Details
by Samuel Edyme
3 minutes ago
in Crypto News
0
HashKey Group, a prominent Asia-based cryptocurrency financial services• Экономика » Финансы » Финансовые услуги
• Сфера услуг » Финансовые услуги firm,
has successfully obtained Virtual Asset Service Provider (VASP) registration
approval from the Central Bank of Ireland through its European arm, HashKey
Europe Limited (HEL).
This milestone marks a significant step in HashKey s global expansion
strategy, as it is HashKey Group s first VASP license fully
compliant with the EU s Fifth Anti-Money Laundering Directive (AMLD5).
Related Reading: China Could Reassess Crypto Ban Due To Trump, HashKey CEO
Claims
Strengthening Global Regulatory Footprint
The VASP registration allows HashKey Europe Limited to offer a suite of
regulated services, including virtual asset-to-fiat and virtual
asset-to-virtual asset exchange , custodial crypto wallet services, and
facilitating virtual asset transfers between accounts.
Prior to Ireland, HashKey had already secured regulatory licenses in financial
hubs like Hong Kong, Singapore, Japan, and Bermuda, showcasing a strategic
focus on aligning with strong regulatory frameworks worldwide.
According to the announcement, HashKey Europe Limited s registration
with the Central Bank of Ireland signifies the firm s
readiness to comply with European Anti-Money Laundering (AML) and
Counter-Terrorist Financing (CTF) regulations.
The registration ensures that HashKey operates within a well-defined
legal and regulatory environment, which is crucial for building
investor confidence and facilitating institutional adoption of digital assets.
The approval comes at a time when global regulatory scrutiny on virtual asset
providers is intensifying, highlighting the need for crypto firms to align
with international compliance standards .
HashKey’s strategy revolves around establishing regulated entities in key
markets, creating a global infrastructure capable of serving institutional and
retail clients while mitigating regulatory risks.
Furthermore, HashKey’s blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн innovation, including the recent launch of
its Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Layer 2 HashKey Chain on the mainnet, highlights the company’s
focus on developing scalable and efficient blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн infrastructure.
These technological advancements complement its global compliance approach,
ensuring secure and transparent service delivery across jurisdictions.
Expanding Service Portfolio And Market Influence
HashKey Group’s portfolio encompasses a range of business• Экономика » Бизнес divisions, including
HashKey Exchange, HashKey Global, HashKey Capital, HashKey OTC, HashKey Cloud,
and HashKey Tokenisation.
This diverse range of services positions the firm to cater to varying market
needs, from asset management and exchange services to blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
infrastructure and tokenization.
The VASP approval in Ireland not only enhances HashKey’s presence in Europe
but also aligns with the broader goal of supporting the sustainable
growth of the virtual economy .
Related Reading: Hong Kong Speeds Up Crypto Licensing: 4 New Exchanges Get the
Green Light
In its official statement, HashKey emphasized its commitment to compliance,
delivering value-added services, and fostering trust within the
Web3 ecosystem. The company wrote:
HashKey Group remains dedicated to supporting the sustainable growth of the
virtual economy by ensuring compliance with international regulations,
delivering value-added services, and fostering trust within the ecosystem. The
global digital currency market cap value on the 1-day chart. Source:
TradingView.com
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