Category: VASP
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Asia-Based Crypto Firm HashKey Secures VASP Approval In Ireland—Details
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HashKey Group, a prominent cryptocurrency financial services company based in Asia, has found success Acquired Virtual Asset Service Provider (VASP) registration approval from the Central Bank of Ireland through its European arm, HashKey Europe Limited (HEL). This milestone represents an important step in HashKey’s global expansion strategy, as it is…
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Dubai Tightens Grip On Crypto, Issues Cease And Desist Orders To 7 VASP Operators
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The Virtual Assets Regulatory Authority (VARA) in Dubai has moved decisively and clearly Cease and desist orders on seven VASP providers. This is all part of VARA’s ongoing attempts to ensure that everyone follows its rules, especially when it comes to marketing and licensing cryptocurrencies. Fines can reach up to…
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24 Taiwan Crypto Firms Unite To Forge Self-Regulatory Virtual Asset Service Provider (VASP)
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Taiwan’s booming cryptocurrency industry has reached a pivotal turning point, as a consortium of 24 leading digital asset companies have joined forces to create the Taiwan Virtual Asset Service Providers (VASP) Association. This strategic move comes as the Taiwanese government seeks to introduce a comprehensive regulatory framework for the cryptocurrency…
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24 Taiwan Crypto Firms Unite To Forge Self-Regulatory Virtual Asset Service Provider (VASP)
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Taiwan’s booming cryptocurrency industry has reached a pivotal turning point, as a consortium of 24 leading digital asset companies have joined forces to create the Taiwan Virtual Asset Service Providers (VASP) Association. This strategic move comes as the Taiwanese government seeks to introduce a comprehensive regulatory framework for the cryptocurrency…
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OKX Bows Out of Hong Kong, Withdraws VASP License Bid
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To comply with regulatory requirements, OKX said it will discontinue centralized cryptocurrency trading services for Hong Kong residents effective May 31, 2024. OKX attributed the decision to withdraw the Virtual Asset Service Provider (VASP) license application to “careful consideration” of its business strategy. However, the exchange did not provide further…