HashKey Group announced that its member, HashKey Europe Limited (“HEL”), had received Virtual Asset Service Provider (VASP) registration approval from the Central Bank of Ireland. The firm revealed that the approval was its first VASP license fully compliant with the EU’s Fifth Anti-Money Laundering Directive (AMLD5). The firm stated that the license propelled its commitment to building a global Web3 ecosystem within a highly compliant regulatory framework. The registration will allow HEL to provide a wide range of regulated services, including custodian wallet services. The VASP license allows HEL to offer multiple services in the EU 🌐HashKey Further Expands Our Global Footprint! 🥳We're excited to announce that @HashKeyGroup has obtained VASP registration approval from the Central Bank of Ireland, underscoring our commitment to building a global #Web3 ecosystem within a highly compliant regulatory… pic.twitter.com/HL83CWAWPv — HashKey Group (@HashKeyGroup) January 7, 2025 HashKey Europe Limited revealed that the registration will allow it to handle transactions between virtual assets and fiat currencies for customers across the European Union. The company also disclosed that the license will allow its customers to trade many forms of virtual assets in the EU. The digital asset service provider also acknowledged that the license will permit customers to conduct transactions on behalf of another individual. The company added that HashKey Europe Limited is registered and supervised by the Central Bank of Ireland for Anti-Money Laundering and Countering the financing of terrorism purposes only. The financial services group also asserted that it remains dedicated to supporting the sustainable growth of the virtual economy. HashKey Group promised to ensure compliance with international regulations, deliver value-added services, and foster trust within the ecosystem. The company’s acquisition of the VASP license complied with the European Union’s Markets in Crypto-Assets (MiCA) Regulation. MiCA required all crypto service providers operating within the European Union to obtain such licenses by December 30, 2024. The new law established a unified approach to crypto operations across the EU and prioritized consumer protection, market integrity, and financial stability. The firm confirmed that it must exhibit robust operational resilience, secure protocols, and competent management teams. The platform also acknowledged that it is obligated to maintain heightened reporting responsibilities regarding significant transactions to foster transparency and adherence to regulatory norms. HashKey Group broadens its global operations in the EU HashKey Group also revealed that the VASP approval in Ireland was part of its expansion strategy to strengthen its presence in key international markets. “The acquisition of this license is another significant breakthrough for HashKey and represents a moment of great significance for the industry.” – Livio Weng, HashKey Group’s COO In May 2024, HashKey Blockchain Limited also acquired the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) license in Hong Kong. Hash Blockchain Limited obtained licenses Type 1 and Type 7 and AMLO from Hong Kong SFC to provide virtual asset trading services to both investors and retail users. The firm also acquired approval from the Securities and Futures Commission of Hong Kong to operate a virtual asset trading platform from November 2022. HBL utilized the HashKey PRO trading platform to provide investors with automated cryptocurrency trading services. The trading platform claimed it was designed to ensure client asset protection. Colin Zhong, CEO of HBL, said the firm is dedicated to supporting and providing a gateway for financial institutions to gain exposure and participate in crypto projects across the digital asset landscape and Web3 infrastructure services. HashKey Group also announced in June 2021 that Tokyo Hash completed its registration as a crypto asset exchange service provider in Japan. Andy Dan, CEO of Tokyo Hash, said that the firm will harness HashKey Group’s expertise and partnerships to contribute to developing the global crypto asset industry. The firm’s trading farm, HashKey Technology Services Pte. Ltd. (“HashKey OTC”), was granted the Major Payment Institution license from the Monetary Authority of Singapore (MAS) in August 2024 to provide digital payment token (DPT) services in Singapore. Li Liang, CEO of HashKey OTC, stated that the firm was poised to offer comprehensive and regulated OTC trading solutions for DPT. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
