#Ireland #Digital Assets #Hamilton #HashKey Group #VASP License

HashKey Group Secures VASP License from the Central Bank of Ireland

In a landmark achievement for the digital asset sector in Asia, HashKey Group, a leading end-to-end provider of financial services for digital assets, has successfully secured the registration of a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This licensing is not only a testament to HashKey’s dedication to regulatory compliance but also marks their ongoing efforts to build a robust global Web3 ecosystem.

Significance of the VASP License

The newly acquired VASP license allows HashKey Europe Limited, a subsidiary of HashKey Group, to offer a comprehensive array of regulated services. This encompasses the exchange of virtual assets with fiat currencies, the exchange of various forms of virtual assets, and facilitating the transfer of virtual assets on behalf of clients. It also includes custodial wallet services, enhancing the security and trustworthiness of digital asset transactions.

According to Ben El-Baz, the CEO of HashKey Global, "Receiving VASP registration from the Central Bank of Ireland marks a notable milestone in HashKey’s global trading activities. It emphasizes our unwavering commitment to compliance, security, and trust-building in the digital asset space. We are excited to have a new foothold in the EU, stepping closer to aligning with MiCA regulations while fostering responsible innovation in the digital asset arena."

Expansion into European Markets

Prior to this achievement in Ireland, HashKey had already established its prominence in Asia by securing similar licenses in Hong Kong, Singapore, Japan, and Bermuda. These steps underscore HashKey’s ambition to be a leading, trusted player in the global virtual asset landscape. With this new registration, HashKey Europe Limited will operate under strict regulations related to anti-money laundering (AML) and combating the financing of terrorism (CFT), ensuring compliance with international standards.

By adhering to such regulations, HashKey Group showcases its commitment to supporting the sustainable growth of the virtual economy while providing value-added services within a heavily compliant framework.

About HashKey Group

HashKey Group stands at the forefront of digital asset financial services in Asia, boasting a broad global footprint that includes operations in critical markets like Hong Kong, Singapore, Japan, and Bermuda. Established in 2018, the Group has diligently constructed a global Web3 ecosystem in a high-compliance regulatory environment. This includes various entities such as HashKey Exchange - a regulated virtual asset platform licensed by Hong Kong's Securities and Futures Commission; HashKey Global - the flagship global digital asset platform; and HashKey Capital - a global asset manager focusing exclusively on blockchain technology and digital assets.

Furthermore, the Group operates HashKey OTC, its compliant over-the-counter trading branch, HashKey Cloud, which serves as a premier provider of global Web3 infrastructure, and HashKey Tokenization, which enables tokenization services. With robust experiences and a forward-thinking approach, HashKey is heavily invested in the application of blockchain technology, aiming to provide reliable and accessible digital asset services to one billion users worldwide.

In conclusion, the receipt of the VASP registration approval from the Central Bank of Ireland propels HashKey Group further into the international market, paving new avenues for compliant digital asset trading, secure transactions, and the promotion of trust across the digital finance ecosystem.