HashKey expands global footprint with Dubai virtual asset license approval
HashKey Group has received in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This approval supports HashKey's expansion into the Middle East and North Africa (MENA) region and aligns with its strategy to enhance global reach. To secure a permanent VASP license, HashKey must meet VARA's stringent compliance standards. Once fully licensed, HashKey's MENA subsidiary will offer Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services to institutional and qualified retail investors. The firm also aims to improve its over-the-counter trading capabilities in the region. HashKey holds licenses in jurisdictions like Hong Kong, Singapore, Japan, and Bermuda, and recently secured VASP registration from the Irish Central Bank. The company launched its Ethereum layer-2 network and introduced its native token, HSK, as part of its ecosystem expansion. Despite recent price volatility, HashKey maintains a forward-looking approach in the digital asset industry.
