Hong Kong-based crypto provider HashKey has secured an in-principle approval from the Dubai Asset Regulatory Authority (VARA) for a Virtual Asset Service Provider (VASP) license in UAE.
The approval marks a milestone in HashKey's global expansion strategy and will allow its member company HashKey MENA FZE to offer exchange and broker-dealer services to retail, qualified, and institutional investors in Dubai.
HashKey has been actively pursuing regulatory compliance and expansion in key international markets, including Europe where it is seeking a MiCA license.
In addition to its regulatory achievements, HashKey has launched its native token, HashKey Platform Token (HSK), and has strategic partnerships to drive innovation and mainstream adoption of tokenized financial instruments.