HashKey, a cryptocurrency exchange based in Hong Kong, has obtained a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland, allowing it to engage in various cryptocurrency-related activities in Ireland.

License for Cryptocurrency Activities

This license enables HashKey to facilitate fiat-to-crypto and crypto-to-crypto trading, provide custodial wallet services, and manage the transfer of virtual assets for its clients.

The acquisition of the VASP license demonstrates HashKey's commitment to compliance with international standards, including Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements.

Alignment with EU Regulations

The licensing aligns with the European Union's Markets in Crypto-Assets (MiCA) regulations, which aim to standardize crypto operations across the EU.

HashKey's entry into the European market positions the company alongside other notable entities that have received approval from the Irish Central Bank.

Strengthening Presence in International Markets

This strategic move strengthens HashKey's presence in key international markets and allows it to compete more effectively with other established players in the European market.

By obtaining the VASP license, HashKey is well-positioned to navigate the complexities of the European regulatory landscape and enhance its service offerings.