Hashkey Group, the Asia-based cryptocurrency financial services company has received approval from the Central Bank of Ireland through its European division (Hashkey Europe) to register as a virtual asset service provider (VASP).

The registration permits HashKey Europe to provide custodian wallet and cryptocurrency trading services, the company stated in a statement issued on Tuesday, Jan. 7.

“This is Hashkey Group’s first VASP license fully compliant with the EU’s Fifth Anti-Money Laundering Directive (AMLD5), underscoring its commitment to building a global Web3 ecosystem within a highly compliant regulatory framework,” the company stated.

The VASP approval in Ireland is a crucial step in bolstering Hashkey Group’s position in important international markets as part of its global expansion strategy. Hashkey Group established itself as a reliable worldwide leader in the virtual asset sector by obtaining licenses in Hong Kong, Singapore, Japan, and Bermuda before obtaining VASP clearance in Ireland.

This marks another first for Hashkey Group after it became one of the first crypto exchanges to receive a license in Hong Kong that allows retail users to engage in crypto trading on its platform.

The Hashkey Group has also created the Ethereum layer two (L2) Hashkey Chain and listed the Hashkey platform token, giving it a vast on-chain ecosystem. With the goal to provide easily accessible digital asset services for billions of people around the world, Hashkey Group is dedicated to spearheading the widespread use of blockchain technology.

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