A major crypto license has now been approved in Ireland!
HashKey Group, a top digital asset service provider in Asia, has just made a strong entry into the European market. As the company's European arm, HashKey Europe Limited has officially received a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland to offer a range of exciting crypto services under the new MiCA regulations.
HashKey receives a VASP license in Ireland
On January 7th, HashKey Group made a big announcement that they had received approval from the Central Bank of Ireland for VASP registration.
With the VASP registration license, HashKey Europe Limited can now provide valuable services including fiat-to-crypto exchange, crypto-to-crypto exchanges, wallet services and virtual asset transfers on behalf of third parties.
The move is part of the company's broader strategy to increase its international presence, with HashKey already having operating licenses in Bermuda and other key Asian markets such as Hong Kong, Singapore and Japan.
For HashKey, this company's first VASP license is fully compliant with the EU's Fifth Anti-Money Laundering Directive (AMLD5), reinforcing its commitment to maintaining a strong and compliant regulatory framework as the global Web3 ecosystem develops.
Ireland's Role in the Crypto Revolution
A VASP license from the Central Bank of Ireland is critical as it ensures that HashKey operates within Ireland's legal framework.
Under the new Markets in Crypto-Assets (MiCA) regulations, crypto companies were required to apply for VASP registration by December 30, 2024. These regulations aim to make crypto services in the EU more secure and consistent, ensuring that companies like HashKey adhere to high standards. Respect.
Dervill Rowland, Deputy Governor of the Central Bank of Ireland, explained that MCA rules will help make finance more accessible and encourage new ideas.
Ireland is focused on working better with other EU countries and making it easier for crypto companies to follow the rules.
