TLDR
- HashKey Group obtained VASP registration in Ireland through European subsidiary
- Registration allows crypto-fiat exchange, wallet services, and transfers
- Compliant with EU’s Fifth Anti-Money Laundering Directive (AMLD5)
- HashKey already has licenses in Hong Kong, Singapore, Japan, and Bermuda
- Registration enables operations within EU regulatory framework
HashKey Group, an Asia-based cryptocurrency financial services company, has secured Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland through its European subsidiary, HashKey Europe Limited (HEL).
The registration, granted under Ireland’s regulatory framework, permits HashKey Europe Limited to offer various crypto-related services to European clients. These services include virtual asset-to-fiat currency exchange operations, virtual asset-to-virtual asset trading, and custodial wallet services for digital assets.
The Irish VASP registration represents HashKey’s first regulatory approval that fully aligns with the European Union’s Fifth Anti-Money Laundering Directive (AMLD5). This regulatory framework establishes strict guidelines for crypto service providers operating within the EU jurisdiction.
HashKey’s new Irish registration adds to its existing regulatory approvals across multiple jurisdictions. The company currently holds licenses in Hong Kong, Singapore, Japan, and Bermuda, demonstrating its commitment to operating within regulated environments.
The VASP registration requires HashKey Europe Limited to implement robust Anti-Money Laundering (AML) measures. These include thorough customer due diligence procedures and comprehensive monitoring systems to detect suspicious transactions.
As part of its compliance obligations, HashKey must also maintain Counter-Terrorist Financing (CTF) protocols. These measures help prevent the misuse of virtual assets for illicit activities and ensure the platform’s security for legitimate users.
The Irish registration enables HashKey to facilitate virtual asset transfers between accounts while adhering to regulatory requirements. This capability allows the company to serve both retail and institutional clients within the European market.
HashKey’s expansion into Ireland follows a strategic approach to establish presence in key financial centers. The company’s choice of Ireland aligns with the country’s growing reputation as a hub for financial technology companies.
The Central Bank of Ireland’s regulatory oversight ensures that registered VASPs maintain high operational standards. These standards include regular reporting requirements and ongoing compliance monitoring.
Under the VASP registration framework, HashKey must maintain detailed records of all transactions. This requirement helps authorities track financial flows and ensures transparency in virtual asset operations.
The company’s European subsidiary will operate under direct supervision of Irish regulatory authorities. This oversight includes regular audits and examinations to verify compliance with all applicable regulations.
HashKey’s registration requires the implementation of specific technical infrastructure. This includes secure systems for asset custody and robust protocols for transaction monitoring.
The VASP registration also mandates regular staff training on compliance matters. Employees must stay updated on the latest regulatory requirements and money laundering prevention techniques.
HashKey Europe Limited must maintain minimum capital requirements as part of its registration obligations. These financial reserves ensure operational stability and protect client interests.
The most recent regulatory data shows that Ireland has approved 12 VASP registrations in the past year, with HashKey being the latest addition to this list. The Central Bank of Ireland continues to process applications from virtual asset service providers seeking to establish operations in the country.
