ARIA | News

Hong Kong's HashKey Gains Ground with New Crypto License in Ireland

by aria-crypto.com

January 7, 2025 at 11:25

Hong Kong's HashKey Gains Ground with New Crypto License in Ireland

Hong Kong-based HashKey Group has expanded its footprint by securing a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland. This significant development was announced on January 7, 2025, through HashKey Europe Limited. The new license permits HashKey to conduct crypto trading and custody services, broadening their operational scope to include fiat-to-crypto exchanges, crypto-to-crypto trading, and virtual asset management. This move aligns with the European Union’s Markets in Crypto-Assets (MiCA) Regulation, adhering to stringent requirements set for consumer protection and financial stability. By stepping into the European market, HashKey not only complies with international standards but also positions itself alongside major companies such as Ripple and Coinbase, enhancing its strategic presence in significant global markets. Governor Derville Rowland of the Irish Central Bank highlighted the importance of innovation and security in the burgeoning sector, underscoring Ireland's commitment to becoming a leading financial hub in the digital age. With this strategic expansion, HashKey is poised to navigate the complex regulatory environment in Europe effectively.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

>> DeFi Innovations Soar as Pyth Network and Revolut Forge Strategic Data Alliance

Blockchain oracle Pyth Network and digital banking giant Revolut have embarked on a strategic partnership to enhance data sharing within the DeFi sector. This collaboration will see Revolut integrating its exte...

13 minutes ago

>> UAE's Crypto.com and Dubai Islamic Bank Forge Pioneering Partnership to Revolutionize Crypto and Sharia Banking

Crypto.com has officially collaborated with Dubai Islamic Bank, the largest Islamic bank in the UAE, to roll out innovative cryptocurrency services while adhering to Sharia principles. This strategic alliance w...

37 minutes ago

>> South Korea Accelerates Crypto Market Reforms to Foster Institutional Investment

South Korea is poised to pioneer cryptocurrency reforms by lifting longstanding restrictions on institutional cryptocurrency trading, enabling a significant shift towards broader market participation. The Finan...

44 minutes ago

>> South Korea Embraces Bitcoin, Setting New Investment Horizons

South Korea is embracing a transformative phase towards cryptocurrency investments as the Financial Services Commission (FSC) indicates plans for allowing companies to engage with cryptocurrencies. This strateg...

an hour ago

>> Bitcoin Fuels Tourism Innovation in Phuket, Thailand

Thailand is set to enhance its tourism sector by introducing a Bitcoin payment pilot program in Phuket by 2025, announced Deputy Prime Minister Pichai Chunhavajira. This initiative is designed to provide touris...

2 hours ago

>> Navigating Legal Waters: SEC Faces Challenge as Court Approves Coinbase's Appeal Impacting Ripple and Crypto Regulation

Judge Katherine Polk Failla of the Southern District of New York recently granted Coinbase permission to pursue an interlocutory appeal in its ongoing legal clash with the SEC. The appeal will focus on whether ...

2 hours ago

>> Crypto Crackdown: Dutch Law Student Arrested by Police Over Multi-Million Euro Scheme

A Dutch law student, previously on the run and dubbed a "crypto genius," was arrested by authorities for orchestrating a multi-million euro cryptocurrency scheme. The 24-year-old, who hailed from Hengelo, Nethe...

4 hours ago

>> Bitcoin Miners Echo MicroStrategy by Building BTC Treasuries Amid Volatile Markets

In response to increased competition and market uncertainties in 2024, Bitcoin miners adopted a new strategy, profoundly influenced by MicroStrategy, focusing on enhancing their Bitcoin reserves instead of liqu...

7 hours ago

>> South Korea's Lotte Group Advances in Metaverse with Largest Arbitrum Blockchain Grant

Arbitrum, a prominent Ethereum Layer-2 network, and South Korea's Lotte Group have announced a significant collaboration to propel Lotte's metaverse platform, Caliverse, using blockchain technology. This partne...

10 hours ago

>> CFTC Leadership Change Foretells New Era in Crypto Oversight

In a significant development for U.S. cryptocurrency regulation, Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), announced his resignation effective January 20, stepping down fully b...

11 hours ago

All the latest crypto news in one place

Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.

Launch Terminal