Hong Kong-based HashKey Group announced that its subsidiary, HashKey MENA FZE, has received In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for a Virtual Asset Service Provider (VASP) license.
Upon final approval, the license will enable HashKey MENA FZE to provide Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services in Dubai to retail, qualified, and institutional investors.
This milestone also supports the expansion of HashKey OTC, the Group’s over-the-counter trading arm, in the Middle East.
HashKey Group holds licenses in Hong Kong, Singapore, Japan, and Bermuda, is registered as a VASP in Ireland, and is pursuing a MiCA license in Europe to expand its global regulatory compliance.
Featured image credit: Edited from Unsplash
This article first appeared on Fintech News Middle East.