HashKey Group, a prominent digital asset services provider in Asia, announced that it secured an In-Principle Approval from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider license application.

This approval sets HashKey as a reliable name in the virtual asset sector, enhancing its ability to offer secure services worldwide. Upon final approval, HashKey will provide virtual asset exchange and broker-dealer services in Dubai.

This advancement demonstrates HashKey's dedication to compliance and expands its regulated offerings in the Middle East.

HashKey's licensing in Hong Kong, Singapore, Japan, and other regions further extends its global regulatory influence, positioning Dubai as a key location for crypto operations.

Dubai's favorable legal framework and tax policies have drawn attention from major digital asset players.