Just Got Approved for a Big Crypto License in Ireland!
HashKey Group, Asia’s top digital asset service provider, has just made a strong entry into the European market. As the European arm of the company, HashKey Europe Limited has officially approved Obtain a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland to provide a variety of exciting crypto services under the new MiCA regulations.
HashKey obtains Irish VASP license
On January 7th, HashKey Group made a big announcement, they had just received VASP registration approval from the Central Bank of Ireland.
With the approval of the VASP registration, HashKey Europe Limited can now offer key services including fiat-to-crypto exchanges, crypto-to-crypto exchanges, custodial wallet services, and virtual asset transfers on behalf of third parties.
The move is part of the company’s wider strategy to increase its international presence, with HashKey already holding operating licenses in Bermuda and other key Asian markets such as Hong Kong, Singapore and Japan.
For HashKey, this marks the company’s first fully compliant VASP license with the EU’s Fifth Anti-Money Laundering Directive (AMLD5), reinforcing its commitment to maintaining a strong, compliant regulatory framework as it builds the global Web3 ecosystem
Ireland’s role in the cryptocurrency revolution
The VASP license from the Central Bank of Ireland is crucial as it ensures that HashKey can operate within Ireland’s legal framework.
Under the new crypto asset market (Mika) regulations stipulate that cryptocurrency companies must apply for VASP registration before December 30, 2024. The rules are intended to make cryptocurrency services in the EU more secure and consistent, ensuring that companies like HashKey adhere to high compliance standards.
Delville Rowland, Deputy Governor of the Central Bank of Ireland, MiCA rules explained Help make finance more accessible and encourage new ideas.
Ireland will focus on cooperating better with other EU countries to make it easier for cryptocurrency companies to comply with the rules.
