news 
Hong Kong-based crypto exchange HashKey secures VASP license in Ireland
In a significant development, Hong Kong-based cryptocurrency exchange HashKey has been granted a Virtual Asset Service Provider (VASP) license by the Irish Central Bank. This milestone achievement highlights Ireland’s commitment to fostering innovation while ensuring security within the crypto sector.
Under the new Markets in Crypto Assets (MiCA) regulations, VASPs are subject to rigorous checks and requirements. These include Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations. In addition, exchanges must demonstrate robust operational resilience, secure protocols, and the integrity of their management teams.
As a licensed VASP, HashKey is now positioned to expand its service offerings, broadening its reach within the global cryptocurrency market. This development also underscores Ireland’s dedication to creating a safe and innovative financial hub for digital assets.
HashKey’s achievement comes after Irish Central Bank Governor Derville Rowland emphasized Ireland’s commitment to fostering innovation while ensuring security in the crypto sector. Her comments, made last year, highlighted Ireland’s ambition to maintain its status as a secure and innovative financial hub in the era of digital assets.
This license not only broadens HashKey’s service offerings but also solidifies its position as a key player within the global cryptocurrency market, poised to navigate the complexities of the European regulatory landscape.
Source: coinjournal.net
