#HashKey secures Dubai license#
Hot Topic Overview
Overview
HashKey Group, a leading digital asset financial services group in Asia, announced that its member company HashKey MENA FZE has received in-principle approval (IPA) from the Dubai Virtual Asset Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application. This marks a significant milestone in HashKey's compliance services in the Middle East, and the company will further expand its operations in the region. HashKey Group currently holds licenses in Hong Kong, Singapore, Japan, and Bermuda, and has received VASP registration approval in Ireland. It is actively applying for a European MiCA license to further strengthen its global footprint.
Ace Hot Topic Analysis
Analysis
HashKey Group’s subsidiary HashKey MENA FZE has received an In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA), signifying a significant step forward in its Virtual Asset Service Provider (VASP) license application. Upon receiving final approval, HashKey MENA FZE will be authorized to provide virtual asset trading services and virtual asset brokerage services to retail investors, qualified investors, and institutional investors within the Emirate of Dubai. This marks a significant milestone in HashKey OTC's expansion of compliant services into the Middle East region, further solidifying HashKey Group's position as a pioneer in the virtual asset industry. HashKey Group currently holds licenses in Hong Kong, Singapore, Japan, and Bermuda, and has obtained VASP registration approval in Ireland. It is also actively applying for a European MiCA license, further strengthening its global footprint.
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Public Sentiment
Discussion Word Cloud
Classic Views
HashKey has obtained in-principle approval for a Dubai VASP license, marking a significant milestone in its compliance services in the Middle East.
The license will authorize HashKey to provide virtual asset trading services to retail, accredited, and institutional investors in Dubai.
HashKey has already obtained licenses in Hong Kong, Singapore, Japan, and Bermuda, and has secured VASP registration approval in Ireland, actively applying for the European MiCA license, further strengthening its global footprint.
HashKey's acquisition of the Dubai license solidifies its position as a pioneer in the virtual asset industry and will help it provide safe, transparent, and trustworthy services to users worldwide.