Hong Kong's HashKey Group Obtains Dubai Virtual Asset License, Launches Crypto Services in MENA Region

HashKey Group, a Hong Kong-based crypto company, has obtained a virtual asset license from Dubai's regulatory authorities, enabling it to offer crypto brokerage services in the UAE. The company has launched HashKey Global MENA to manage operations in the Middle East and North Africa, focusing on institutional clients with services in USD and AED, including fiat deposits, withdrawals, and major cryptocurrencies like Bitcoin and Ethereum. Approved by the Dubai Virtual Assets Regulatory Authority ($VARA), HashKey emphasizes compliance and security. The UAE aims to become a blockchain hub, attracting global institutional investors, especially amid stricter European regulations. HashKey's global regulatory approvals, including in Hong Kong, Japan, Singapore, and pending in Europe, position it well for international expansion. Operations in MENA will start on May 19, with a focus on regulated OTC services for large transactions, supporting the UAE's role in crypto innovation.