HashKey Obtains VASP License in Ireland Under MiCA Regulation

HashKey Europe, a subsidiary of Hong Kong-based cryptocurrency exchange HashKey, has received approval for a VASP license from the Central Bank of Ireland.
On the 7th (local time), HashKey Group received approval from the Central Bank of Ireland to register as a Virtual Asset Service Provider (VASP) under the MiCA regulation, and is now able to expand into the market.
In Ireland, all crypto asset service providers must be anti-money laundering (AML) and anti-money laundering compliant under the European Union's Fifth Anti-Money Laundering Directive (AMLD5).
The Central Bank of Ireland has mandated that institutions that in any way assist issuers in the offering or sale of crypto assets must register with the Central Bank to meet Combat Financing (CFT) requirements.
The VASP license will allow the government to conduct fiat-cryptocurrency transactions, crypto-to-cryptocurrency transactions, act as a trustee wallet service, and provide digital services for third parties.
The HashKey Group sees Ireland as an important market for expanding its international presence.
The cryptocurrency market regulation, which was recently introduced by the EU, has made cryptocurrency licenses mandatory.
) came into force on December 30, 2024. This means that existing crypto asset service providers must submit an application for VASP registration within three months.