Catenaa, Tuesday, January 14, 2025 – Asia-based HashKey Group has received Virtual Asset Service Provider (VASP) approval from the Central Bank of Ireland through its European branch, HashKey Europe Limited.
This marks the firm’s first license fully compliant with the EU’s Fifth Anti-Money Laundering Directive (AMLD5), cementing its presence in European markets.
The registration enables HashKey to provide regulated services such as crypto-to-fiat and crypto-to-crypto exchanges, custodial wallets, and virtual asset transfers. This milestone reflects HashKey’s commitment to aligning with global compliance standards, including stringent EU Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) rules.
Already licensed in key financial hubs like Hong Kong, Singapore, Japan, and Bermuda, HashKey’s latest approval highlights its strategy to establish regulated entities in major markets. The firm aims to build a robust global infrastructure to serve institutional and retail clients while mitigating regulatory risks.
HashKey is also advancing its technological capabilities, as evidenced by the launch of its Ethereum Layer 2 HashKey Chain. This innovation underscores its focus on scalable and efficient blockchain solutions, complementing its global compliance framework.
The VASP approval strengthens HashKey’s European presence and aligns with its broader goal of fostering trust in the Web3 ecosystem. The firm emphasized its dedication to supporting the sustainable growth of the virtual economy while delivering value-added services.
