HashKey Group, a leading digital asset financial services provider from Asia announced on 13^th January 2025that a member company, HashKey MENA FZE received in-principal approval from the Dubai Asset Regulatory Authority (VARA).

The approval is for HashKey MENA FZE’s application to obtain a Virtual Asset Service Provider (VASP) license.

The VARA license marks a milestone in the crypto company’s global expansion strategy.

HashKey Receives In-Principle Approval for Dubai VASP License!

We are also actively pursuing a MiCA license in Europe to further strengthen our presence in key international markets https://t.co/ExtIYu9rNc

— HashKey Global (@HashKey_Global) January 13, 2025

HashKey’s Expansion In Dubai And Beyond

Once final approval is granted, HashKey MENA FZE will offer a range of exchange and broker-dealer services to retail, qualified, and institutional investors in Dubai.

Additionally, as HashKey strengthens its footprint in the Middle East. this approval also supports the growth of HashKey OTC, the company’s over-the-counter trading division.

Beyond regulatory compliance, HashKey is advancing in the crypto space through innovation.

Last year, the company launched its native token, HashKey Platform Token (HSK), with a total supply of 1 billion tokens. These tokens serve various functions within the HashKey ecosystem, such as rewards and fee payments. The group has allocated 65% of the tokens for ecosystem growth and reserves 20% of its quarterly profits for token buybacks.

HSK has seen notable price movements, reaching an all-time high (ATH) of $2.56, though it currently trades at $1.69, a 34% decrease from its peak.

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Strategic Partnerships For Web3 Development

In December 2024, HashKey partnered with Cinda International Asset Management Limited (CIAM) to launch Short-Term Asset-Backed Liquidity Notes (STBL) on the Ethereum blockchain.

Collaborating with Web3 firm NVT, this initiative aims to drive mainstream adoption of tokenized financial instruments.

HashKey’s continuous innovation and regulatory achievements can position it as a leader in the rapidly evolving global crypto landscape.

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Global Reach And Regulatory Milestones

The group’s mission to establish a global presence has led to regulatory approvals in multiple countries.

The company holds licenses in Japan, Bermuda, Singapore, and Hong Kong. Recently, it secured VASP registration approval in Ireland, its first under the EU’s Fifth Anti-Money Laundering Directive (AMLD5).

The company is also aligning its operations with the EU’s Markets in Crypto Assets (MiCA) framework, which became effective on 30 December 2024. MiCA provides a unified regulatory structure addressing market crashes, fraud prevention, and investor protection in the crypto sector.

With its growing regulatory approvals, HashKey can now offer a comprehensive range of services. These include crypto-to-fiat and crypto-to-crypto exchanges, custodian wallet services, and crypto asset transfers.

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Best Crypto to Buy in 2025?

ARKM (Arkham) Arkham10.08% is rapidly becoming a focal point in the crypto space, showcasing a promising growth trajectory. With today’s 4% price surge, ARKM has defied bearish indicators, hinting at a strong bullish trend. Currently, at $1.4, we predict a potential breakthrough of up to $4.

LAND (Landshare) Landshare4.67% continues to redefine real estate investment through blockchain technology, and its 2025 roadmap is set to elevate this innovation to new heights.

TheWall Street Pepe (WEPE) presale has just broken a record with an astonishing $45 million raised, marking one of the most successful crypto presales. Furthermore, this achievement underscores the potential and community enthusiasm surrounding this meme coin, PEPE, and Wall Street.

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