#HashKey Receives Dubai License#
Hot Topic Overview
Overview
HashKey Group, Asia's leading digital asset financial services group, has announced that its member company, HashKey MENA FZE, has received In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application. This means HashKey will be able to offer virtual asset trading services and virtual asset brokerage services to retail, qualified, and institutional investors within the Emirate of Dubai. The Dubai license is a significant step in HashKey's global expansion, and it marks progress in the company's over-the-counter (OTC) department, HashKey OTC, in providing compliant services in the Middle East. HashKey Group currently holds licenses in Hong Kong, Singapore, Japan, and Bermuda, and has received VASP registration approval in Ireland. The group is also actively applying for the European MiCA license to further strengthen its global presence.
Ace Hot Topic Analysis
Analysis
HashKey Group has announced that its member company, HashKey MENA FZE, has received an In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application. This signifies that HashKey will be able to offer virtual asset trading services and virtual asset brokerage services to retail investors, qualified investors and institutional investors within the Emirate of Dubai. This Dubai license marks a significant step in HashKey's global expansion, following previous licenses in Hong Kong, Singapore, Japan, Bermuda, and VASP registration approval in Ireland, while also actively pursuing an EU MiCA license. HashKey emphasizes its commitment to prioritizing compliance and providing secure, transparent and trustworthy services for its users. The Dubai license will further solidify its position as a leader in the virtual asset industry and lay the foundation for its expansion in the Middle East region.
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Public Sentiment
Discussion Word Cloud
Classic Views
HashKey has received in-principle approval for a Dubai VASP license, marking another significant milestone in its global expansion.
The license will authorize HashKey to provide virtual asset trading and brokerage services to retail, qualified and institutional investors in Dubai.
HashKey's progress in securing regulatory approvals in the Middle East further demonstrates its commitment to prioritizing compliance.
HashKey has already obtained licenses in Hong Kong, Singapore, Japan, Bermuda and received VASP registration approval in Ireland, and is actively applying for the European MiCA license, further strengthening its global footprint.