HashKey Group, a prominent cryptocurrency financial services company based in Asia, has found success Acquired Virtual Asset Service Provider (VASP) registration approval from the Central Bank of Ireland through its European arm, HashKey Europe Limited (HEL).
This milestone represents an important 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).”
Strengthening the global regulatory footprint
VASP registration allows HashKey Europe Limited to offer a range of regulated services, including the exchange of virtual assets to fiat assets, the exchange of virtual assets to virtual assets, custodial crypto wallet services, and the facilitation of transfers of virtual assets between accounts.
Prior to Ireland, HashKey has already obtained regulatory licenses in financial centers such as Hong Kong, Singapore, Japan and Bermuda, demonstrating a strategic focus on alignment with “robust regulatory frameworks” around the world.
According to the announcement, HashKey Europe Limited’s registration with the Central Bank of Ireland demonstrates the company’s “readiness” to comply with European anti-money laundering (AML) and counter-terrorism 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.
This approval comes at a time when global regulatory scrutiny of virtual asset providers is intensifying, highlighting the need for cryptocurrency companies to comply with international compliance standards.
HashKey’s strategy is to create regulated entities in key markets, creating a global infrastructure capable of serving institutional and retail customers while mitigating regulatory risks.
Furthermore, HashKey’s innovation in blockchain, including the recent launch of the Ethereum Layer 2 HashKey chain on the mainnet, highlights the company’s focus on developing a scalable and efficient blockchain infrastructure.
These technological advances complement its global compliance approach, ensuring secure and transparent service delivery across jurisdictions.
Expanding our service portfolio and market influence
The HashKey Group’s portfolio includes a range of business divisions, including HashKey Exchange, HashKey Global, HashKey Capital, HashKey OTC, HashKey Cloud and HashKey Tokenisation.
This diverse range of services enables the company to meet diverse market needs, from asset management and exchange services to blockchain and tokenization infrastructure.
VASP approval in Ireland not only strengthens HashKey’s presence in Europe, but also aligns with the broader goal of supporting the “sustainable growth” of the virtual economy.
In its official statement, HashKey emphasized its commitment to compliance, providing value-added services, and “enhancing trust” within the Web3 ecosystem. The company wrote:
The HashKey Group remains dedicated to supporting the sustainable growth of the virtual economy by ensuring compliance with international regulations, providing value-added services, and enhancing trust within the ecosystem.
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