- HashKey’s Ireland license allows them to expand their virtual asset services across Europe.
- This is HashKey’s first VASP registration under EU anti-money laundering rules.
- The license enables secure crypto services like wallet management and asset transfers.
HashKey Europe Limited, a subsidiary of HashKey Group, has been accredited as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland, according to a statement released on January 7. This is the first VASP license awarded to it under the EU’s Fifth Anti-Money Laundering Directive (AMLD5) and part of the company’s global expansion strategy. The company stated in its announcement,
As part of HashKey Group’s global expansion strategy, the VASP approval in Ireland is a critical step toward strengthening its presence in key international markets,HashKey Earns Ireland VASP License Under AMLD5 Regulations
HashKey’s Strategic Move into Ireland
HashKey Group is a global crypto services provider that is leveraging Ireland’s friendly legal architecture as part of its growth plan. This approval was described by the organization as significant, noting that it will help strengthen the organization’s presence in the international markets. The VASP license enables HashKey to offer custodial wallet services, crypto-to-crypto and fiat-to-crypto exchanges, and digital asset transfers for third parties.
Ireland’s Central Bank states that all entities facilitating virtual asset issuance must hold VASP registration. This permit follows the EU’s implementation of the Markets in Crypto-Assets Regulation on December 30, 2024. MiCA gives crypto service providers a three-month reminder to fully comply, aiming to improve the security and operating standards across the EU market.
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Ireland: A Hub for Global Crypto Enterprises
Ireland’s strategic location and regulatory clarity have attracted major players like Gemini, Ripple, and Coinbase to establish European operations.
In May 2023, Gemini chose Dublin as its European headquarters, citing Ireland’s supportive business environment. Similarly, Coinbase declared Dublin its main European hub in October 2023, responding to the impending MiCA framework.
Moreover, Ripple, a leader in blockchain solutions, has made Ireland its primary gateway to the EU market, underscoring the country’s growing crypto influence.
Deputy Governor Derville Rowland of Ireland’s Central Bank highlighted that MiCA regulations promote innovation while ensuring financial accessibility. Cooperation with EU nations under these standards aims to strengthen crypto industry compliance.
HashKey’s Global Licensing Portfolio
Besides Ireland, HashKey Group has licenses concerning crypto in Japan, Singapore, Hong Kong, and Bermuda, proving its strong compliance with regulations. More than anything, HashKey Exchange was among the pioneers who got clearance under the new licensed system in 2023 from Hong Kong.
