HashKey Group Secures Dubai VASP License Approval from VARA for Virtual Asset Exchange and Broker-Dealer Services

Jan 13, 2025, 02:20 PM

HashKey Group has received in-principle approval for its Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). This provisional license will enable HashKey to operate a virtual asset exchange and provide broker-dealer services in Dubai, marking a strategic expansion into the Middle East. The approval complements HashKey's existing licenses in locations such as Hong Kong and Ireland, further solidifying its global presence in the regulated cryptocurrency market. The move is seen as a significant step in HashKey's growth strategy, aligning with Dubai's regulatory framework and favorable tax policies for cryptocurrency operations.