HashKey Global MENA obtains Dubai VASP license and officially enters the Middle East virtual asset market

HashKey Group recently officially announced that its subsidiary HashKey MENA FZE has successfully obtained the Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Asset Regulatory Authority (VARA), marking the official launch of HashKey Global MENA operations in the UAE. This milestone event shows that HashKey Group has taken a solid step in its global layout, especially in the expansion of the virtual asset market in the Middle East.

In recent years, Dubai has continued to consolidate its position as the digital asset and financial technology center in the Middle East and has introduced a series of policies conducive to the development of blockchain and virtual assets. After obtaining the license, HashKey Global MENA has been authorized to provide virtual asset trading services and brokerage services in Dubai, which means that it can provide comprehensive and compliant crypto asset solutions for institutional and individual investors.

In order to meet the localization needs of the Middle East market, HashKey Global MENA has launched a series of industry-leading services. First of all, in terms of fiat currency services, the platform has launched deposit and withdrawal channels for US dollars and UAE dirhams. Users can complete the entry and exit of funds safely and efficiently through the fiat currency wallet in cooperation with Standard Chartered Bank. This move has built a solid bridge between virtual assets and traditional financial systems and improved the convenience and security of asset circulation.

Secondly, HashKey Global MENA's over-the-counter (OTC) service is designed for institutions and high-net-worth clients, providing a one-stop bulk trading solution. The platform provides transparent quotes, instant transactions and flexible settlement methods to help customers avoid slippage and liquidity risks and meet diverse trading needs.

In terms of tradable assets, HashKey Global MENA supports the top ten crypto assets such as Bitcoin (BTC), Ethereum (ETH) and mainstream stablecoins (USDT, USDC), and supports transactions in US dollars and dirhams. These assets are all hosted on a platform licensed by VARA, ensuring the security of funds and assets and meeting institutional-level risk control standards.

HashKey Group stated in the announcement that this license is not only an important step in expanding its business in the Middle East, but also further reflects its internationalization strategy of "compliance first". As more regions introduce clear regulatory policies, HashKey hopes to continue to play the role of a bridge connecting traditional finance and the world of digital assets.

As the global virtual asset industry gradually moves towards compliance and professionalism, the launch of HashKey Global MENA may bring more standardized and transparent virtual asset services to the Middle East market, provide a reliable investment platform for regional users, and add a key component to the global layout.