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<p>HashKey Group has launched HashKey Global MENA, obtaining a Virtual Asset Service Provider license in the UAE as of May 12, 2025, marking a strategic expansion in the region.</p>
<p>The move strengthens HashKey Group's position in the MENA region, offering enhanced services to retail and institutional clients while integrating local currency support.</p>
<h2 id="hashkey-granted-uae-vasp-license-after-in-principle-approval">HashKey Granted UAE VASP License After In-Principle Approval</h2>
<p>HashKey Group, known as a leading digital asset financial services provider in Asia, received a <a href="https://group.hashkey.com/en/newsroom/hashkey-receives-in-principle-approval-for-dubai-vasp-license" rel="noopener noreferrer nofollow">VASP license</a> in the UAE. This development follows their earlier <strong>In-Principle Approval</strong>, which was granted in January 2025.</p>
<p><strong>Ben El-Baz</strong>, Managing Director of <strong>HashKey Global</strong>, stated this is a significant step for serving clients in the UAE. HashKey MENA FZE is the specific entity receiving this authorization.</p>
<blockquote>
 "This regulatory approval is a pivotal moment for us, as it positions us in the future to serve both retail and institutional clients in the UAE with enhanced accessibility and local currency support." — Ben El-Baz, Managing Director, HashKey Global
</blockquote>
<h2 id="dubai-license-boosts-hashkey-s-regional-and-global-operations">Dubai License Boosts HashKey's Regional and Global Operations</h2>
<p>The acquisition of the VASP license enables HashKey Global MENA to offer virtual asset exchange and broker-dealer services in Dubai, with local currency support. The license is a milestone for HashKey OTC's regulated offerings expansion.</p>
<p>HashKey's new roles are expected to enhance its competitive position, aligning with Dubai's increasing embrace of virtual assets. The license complements global operations in Hong Kong, Singapore, and Japan.</p>
<h2 id="uae-move-enhances-hashkey-s-compliance-first-strategy">UAE Move Enhances HashKey's Compliance-First Strategy</h2>
<p>HashKey has held licenses in multiple jurisdictions, strengthening its global presence. The UAE license aligns with regional regulatory trends, marking a significant development in virtual asset regulation.</p>
<p>Expert insights from Kanalcoin highlight HashKey's compliance-first strategy and potential for sustainable growth in the dynamic MENA market. This strategy positions them as a trusted digital asset industry leader.</p>
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    <td><em><strong>Disclaimer</strong>: This <a href="https://www.kanalcoin.com/" target="_blank" rel="noopener noreferrer nofollow"><strong>website</strong></a> provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.</em></td>
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</figure> <a href="https://www.kanalcoin.com/hashkey-group-mena-uae-vasp-license/" rel="noopener noreferrer nofollow">Read original article on kanalcoin.com</a>

HashKey Group Launches MENA Operations with UAE VASP License

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