HashKey Group, a top digital asset services provider in Asia, has just made a robust entry into the European market. As the company’s European arm, HashKey Europe Limited has officially received approval from the Central Bank of Ireland for its Virtual Asset Service Provider (VASP) license to offer a wide range of exciting crypto services under the new MiCA regulations.
HashKey Receives VASP License in Ireland
On January 7, HashKey Group made a huge announcement they’ve just received approval for a VASP registration from Ireland’s central bank.
With the approval of the VASP registration, HashKey Europe Limited can now offer important services, including fiat-to-crypto exchanges, crypto-to-crypto exchanges, custodial wallet services, and virtual asset transfers on behalf of third parties.
This move is part of the company’s broader strategy to enhance its international presence, with HashKey already holding operational licenses in Bermuda and other key Asian markets like Hong Kong, Singapore, and Japan.
For HashKey, this marks the company’s first VASP license fully aligned with the EU’s Fifth Anti-Money Laundering Directive (AMLD5), reinforcing its commitment to maintaining a strong, compliant regulatory framework as it builds a global Web3 ecosystem
Ireland’s Role in the Crypto Revolution
The VASP license from the Central Bank of Ireland is crucial because it ensures that HashKey can operate within Ireland’s legal framework.
Under the new Markets in Crypto-Assets (MiCA) regulations, crypto companies were required to apply for VASP registration by December 30, 2024. These rules aim to make crypto services in the EU more secure and consistent, ensuring companies like HashKey follow high standards of compliance.
Derville Rowland, Deputy Governor of the Central Bank of Ireland, explained that MiCA rules help make finance more accessible and encourage new ideas.
Ireland will focus on working better with other EU countries and making it easier for crypto companies to follow the rules.
