#Ireland #Hamilton #HashKey Group #HashKey Europe #VASP Registration

HashKey Europe Limited Obtains VASP Registration

HashKey Group, a leading digital asset financial services provider based in Asia, has made a significant advancement by securing Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. This approval is pivotal as HashKey Europe Limited (HEL) becomes the first subsidiary of HashKey Group to operate under a license fully compliant with the EU's Fifth Anti-Money Laundering Directive (AMLD5). This strategic move not only strengthens HashKey's position within the European Union but also illustrates the company's dedication to fostering a globally compliant Web3 ecosystem.

Highlights of the VASP Registration

The registration allows HashKey Europe Limited to offer a variety of regulated services, which include:

• - Exchange Services: The ability to facilitate exchanges between virtual assets and fiat currencies, as well as between different forms of virtual assets.
• - Transaction Services: Conducting transactions on behalf of clients thereby enabling the transfer of virtual assets from one account to another.
• - Custodial Services: Offering custodial wallet services to store, protect, and manage digital assets securely.

Ben El-Baz, Managing Director at HashKey Global, noted, “Obtaining the VASP registration from the Central Bank of Ireland marks a crucial milestone in HashKey's objective to expand internationally. It highlights our unwavering commitment to compliance, security, and building trust within the digital asset industry.”

A Global Perspective on Compliance

The new VASP registration places HashKey Europe Limited among a select group of firms that meet stringent regulatory standards, ensuring that they contribute positively to Europe's financial landscape. The company aims to align its operations with the upcoming Market in Crypto-Assets (MiCA) regulations which seek to provide a comprehensive regulatory framework for digital assets across the EU.

Prior to this achievement, HashKey had already earned various licenses in significant markets including Hong Kong, Singapore, Japan, and Bermuda. This extensive licensing strategy positions HashKey as a trusted leader within the virtual asset space and demonstrates its commitment to adhering to a high level of regulatory compliance.

HashKey's Vision for the Future

HashKey Group is committed to nurturing the sustainable growth of the virtual asset economy. Through compliance with international regulations and the provision of value-added services, the company aims to promote trust within the ecosystem. Their vision is bolstered by an existing robust infrastructure in blockchain technology, which includes a wide array of services such as:

• - HashKey Exchange: A licensed virtual asset exchange regulated in Hong Kong.
• - HashKey Capital: A global asset manager dedicated to blockchain technology and digital assets.
• - HashKey OTC: The over-the-counter trading arm, catering to large volume traders seeking compliant solutions.
• - HashKey Cloud: Offering critical infrastructure services necessary for Web3 applications.
• - HashKey Tokenization: Focused on enabling tokenization services across various sectors.

Additionally, the group's technological backbone features the Ethereum Layer 2, HashKey Chain, and the HashKey platform token (HSK), further enhancing its capabilities in the digital asset realm. HashKey aims to tap into a growing global user base, aspiring to provide trustworthy digital asset services to up to one billion users.

In summary, the VASP registration reflects HashKey Group's strategic commitment to developing a safe, compliant, and innovative environment for digital assets, making significant strides toward solidifying its role in the emerging digital economy.