PANews reported on May 12 that HashKey Group officially announced that its subsidiary HashKey MENA FZE has obtained a 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. With this license, HashKey Global MENA is allowed to provide virtual asset trading services and virtual asset brokerage services in Dubai.
Obtaining the VASP license is an important milestone in HashKey Group's strategy to expand into the Middle East market. As the UAE continues to consolidate its position as a digital asset hub in the Middle East, HashKey Global MENA will serve consumers and businesses seeking trusted and compliant virtual asset services.
HashKey Global MENA has launched a series of industry-leading products and services, including:
·Deposit and withdrawal services for US dollars and UAE dirhams: Provide fiat currency deposit and withdrawal channels, allowing users to transfer US dollars directly from bank accounts to HashKey Global MENA's fiat currency wallet. Standard Chartered Bank, as a strategic partner, provides fiat currency deposit and withdrawal services for the platform. Relying on the bank's leading funds access channel solution, users can obtain a safe, reliable and efficient fiat currency deposit and withdrawal experience.
·Over-the-counter (OTC) services: HashKey Global MENA's OTC business provides safe and compliant block trades, with competitive one-stop transparent quotes and no hidden fees. Block trades can be executed instantly, avoiding slippage risks, with flexible settlement methods, meeting the liquidity needs of institutions and high net worth clients.
The top ten mainstream tokens that can be traded over the counter: including Bitcoin (BTC), Ethereum (ETH) and stablecoins (USDT, USDC), which can be bought and sold through the US dollar and UAE Dirham fiat channels. BTC and ETH are still the most popular tokens, with reliable liquidity and meeting institutional needs. All assets are hosted on a secure platform licensed by VARA, with institutional-level asset security protection measures.
