PANews reported on January 13 that HashKey Group, Asia's leading digital asset financial services group, announced today that HashKey member company HashKey MENA FZE has received the in-principle approval (IPA) from the Dubai Virtual Asset Regulatory Authority (VARA) for its application for a virtual asset service provider (VASP) license. This milestone further consolidates HashKey Group's position as a pioneer in the virtual asset industry and helps HashKey provide users with secure, transparent and trustworthy services worldwide.

After obtaining final approval, the VASP license will authorize HashKey MENA FZE to provide virtual asset trading services and virtual asset broker-dealer services to retail investors, qualified investors and institutional investors in the Emirate of Dubai. This also marks that HashKey OTC (the group's over-the-counter trading department) has made important progress in expanding its compliance services in the Middle East. In the future, HashKey OTC will further demonstrate its commitment to the principle of compliance first and continue to provide a safe and efficient digital asset trading environment for individual and institutional investors.

HashKey Group has currently obtained licenses in Hong Kong, Singapore, Japan, and Bermuda, and has obtained VASP registration approval in Ireland. It is also actively applying for the European MiCA license to further strengthen its global presence.