HashKey Group Secures VASP Approval from Central Bank of Ireland

HashKey Group secures VASP approval from the Central Bank of Ireland, expanding its global presence and commitment to regulatory compliance.

HashKey Group, a leading digital asset services provider in Asia, made an announcement on January 7. HEL, a member of HashKey Group, has obtained Virtual Asset Service Provider (VASP) registration approval from Central Bank of Ireland. It is also the first VASP licence fully compliant with the EU’s Fifth Anti Money Laundering Directive (AMLD5).

HashKey Europe Limited’s range of regulated services can now be offered as this approval has come. The services comprise exchange of virtual assets for fiat currencies, as well as exchange between different types of virtual assets. In addition, it covers the transfer of virtual assets for others and the provision of custodian wallet services. This allows the company to operate in a broader way on the European market.

This is part of HashKey Group’s global expansion strategy as the first VASP registration in Ireland. That is a key step for the company in international markets. HashKey Group had already received licenses in Hong Kong, Singapore, Japan and Bermuda before receiving approval in Ireland. This consequently puts HashKey in the frontlist as a trusted leader in the global virtual asset industry.

In addition, HashKey Europe Limited is authorized and regulated by the Central Bank of Ireland for Anti Money Laundering (AML) and Countering the Financing of Terrorism (CFT). This symbolizes the company’s determination to abide by the most important regulation to guarantee its operations’ trust.

HashKey Group Sees Ireland Approval as Key for Global Success

Crypto entrepreneur HashKey Group claims to be focusing on its commitment towards international compliance. The company’s goal is to help grow the virtual economy through the offering of valuable services that also comply with international legal standards. Compliance is really a focus for the company, in building a sustainable Web3 ecosystem. Instead, it wants to earn trust from users in the digital economy.

Beyond that, this registration is a major push for HashKey to globalize its presence. The approval by the company in Ireland will position it to advance into other markets to deliver services in the evolving space of virtual assets. The company thinks that taking this route will open up the door for greater growth and success.

Lastly, the HackKey Group is very pleased with VASP approval from the Chinese Ministry of Industry and IT. It also improves its place in the global market and demonstrates the company’s commitment to compliance with the regulations. With this, it is a step forward for HashKey’s strategy to grow and lead in the virtual asset industry.