HashKey Group continues to expand its presence in the digital asset sector by receiving in-principle approval from Dubai VARA for a VASP license.
In-Principle Approval from VARA
HashKey MENA FZE, a part of the HashKey Group, has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA) for a VASP license. This will enable the company to offer virtual asset exchange services and broker-dealer services in Dubai to retail, qualified, and institutional investors.
Expansion of HashKey OTC Services
HashKey OTC, the Group's trading arm, is expanding its regulated services in the Middle East. The company aims to provide a safe and efficient environment for digital asset trading. "The Middle East represents a fast-growing market for virtual assets, and the demand for regulated trading services has never been higher," noted HashKey OTC.
Global Company Strategy
HashKey Group holds licenses in Hong Kong, Singapore, Japan, and Bermuda, with a VASP registration in Ireland. The company is actively pursuing a MiCA license in Europe. "Our licenses across various jurisdictions demonstrate our commitment to high regulatory standards worldwide," the company stated, highlighting the success of achieving in-principle approval from VARA.
With in-principle approval from VARA, HashKey Group strengthens its position in the global virtual asset space, reaffirming commitments to compliance and innovation.
