HashKey secures VASP license in Ireland under MiCA regulations
HashKey Europe has received a virtual asset service provider (VASP) license from the Central Bank of Ireland, allowing it to expand its operations in the country. This approval is part of compliance with the European Union’s Fifth Anti-Money Laundering Directive, which mandates all crypto service providers in Ireland to register for Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) measures. The VASP license enables HashKey to offer services such as fiat-crypto exchanges, crypto-crypto exchanges, custodial wallet services, and asset transfers. The Central Bank requires VASP approval for entities involved in the sale of virtual assets. The new Markets in Crypto-Assets Regulation (MiCA) mandates that all crypto service providers apply for VASP registration by December 30, 2024. Existing firms will continue operations for up to 12 months under the previous regime until their new authorizations are processed. MiCA aims to enhance financial inclusivity and innovation within the sector.
