HashKey Group receives Dubai regulatory approval for its VASP license, expanding its global presence and commitment to secure digital asset services.
HashKey Group, a leading end-to-end digital asset financial services provider in Asia, has announced a major milestone. The group’s subsidiary, HashKey MENA FZE, has received In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA). According to the official statement, HashKey received approval on its Virtual Asset Service Provider (VASP) license application.
With this regulatory approval, HashKey becomes further positioned to serve the digital asset industry with secure and transparent services around the world. Once the final approval is given, the VASP license will permit HashKey MENA FZE to trade as Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services. They will be available in Dubai, targeting retail investors, qualified investors, as well as institutional investors.
The approval is also a much needed achievement for HashKey Group’s over the counter trading arm HashKey OTC. This license will enable HashKey OTC to offer its regulated services in the Middle East. The group remains focused on a compliance-first approach. Consequently, it ensures a secure and user-friendly environment for digital asset trading.
HashKey Group Sets Sights on Leading Digital Asset Markets with Global Licensing Efforts
In many regions, HashKey Group is already licensed. Hong Kong, Singapore, Japan, Bermuda and Ireland are territories where it is also licensed, and Ireland has a VASP registration. The company is also applying for a MiCA license in Europe as another step towards becoming a regulated entity globally. HashKey’s endeavors manifest its effort to be compliant with regulations as it grows globally.
The Central Bank of Ireland also granted HashKey Group VASP approval on January 7, 2025. The new approval gives the group the ability to broaden its services and Europe presence, keeping it true to global regulatory standards. This move enables HashKey Group to detect the facts about local and international regulations.
Lastly, the regulatory approvals serve as the next step to HashKey Group’s growth. The group aims to provide secure, transparent, and regulated services to its global clients. Having already established a strong regulatory foundation, HashKey Group is primed to be a major player in the changing digital asset markets. The company is growing its global presence, and is a trusted partner to investors all over the world.
