HashKey Secures In-Principle Approval for Virtual Asset Business License in Dubai
Summary
- HashKey announced that it has secured in-principle approval for a license from the Dubai Virtual Assets Regulatory Authority.
- With this approval, HashKey plans to strengthen its position as a leader in the virtual asset industry in the global market.
- Upon final VASP approval, it will be possible to provide virtual asset trading services to individual and institutional investors.
HashKey's Middle East subsidiary, HashKey MENAFZE, announced that it has secured in-principle approval for a virtual asset service provider license from the Dubai Virtual Assets Regulatory Authority (VARA).
On the 13th (local time), HashKey stated in an official announcement, "With this regulatory approval, HashKey Group is able to strengthen its position as a leader in the virtual asset industry, providing safe and transparent services globally."
Once the VASP final approval is secured, HashKey MENAFZE will be able to offer virtual asset trading services and broker-dealer services to individual, qualified, and institutional investors in Dubai.
Ben Elbaz, Executive Director of HashKey Global, stated, "We look forward to offering virtual asset services to retail and institutional clients in the UAE. HashKey Global is committed to fostering growth in the Middle East region, including Dubai, based on regulatory compliance."
YM Lee
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