Hong Kong -based Hongkey has started to provide encrypted currency trading services in the Middle East and North Africa after obtaining organizational approval from the Dubai Virtual Assets Regulatory Authority (VARA).
On May 12 advertisement In X, the company said that users in the Middle East and North Africa (MENA) will be able to trading AED and USD cryptocurrencies (USDT), BTC, ETHEREUM (ETH) and Solana (SOL).
The launch comes as part of the new Hashkey Global Mena platform for OTC (without a prescription), which offers FIAT on the slopes outside and outside it as well as supporting local banking settlements.
Hashkey’s expansion in the region follows its conditional consent from VARA earlier this year.
On January 13, the company announced that it had obtained approval in principle to work as a virtual asset service provider (VASP) in Dubai.
Hashkey license allows to provide both Exchang Virtual Asset services and retail brochure services for qualified and qualified investors.
VARA, the virtual asset organizer in Dubai, was created to place the emirate as a Blockchain innovation center with a strict protection for investors.
Any company operating under the specialization of VARA must comply with the operational requirements and strict disclosure, especially if its activities exceed the emirate.
Hashkey’s approval adds to an increasing list of international companies entering Dubai under the supervision of the organizer.
Before hashkey, similar approvals were granted to Crypto.com and OKX encryption companies by Dubai organizational authorities.
Outside the Middle East and North Africa, Hashki has actively built its international presence through a series of organizational victories.
In April, her European arm, Hashkey Europe Limited, got a VASP registration from the Ireland Central Bank, the first such license in the European Union.
Over the past years, Hashki has obtained licenses across the main markets including Hong Kong, Singapore, Japan, Permuda and Ireland.
Expanding its own services set
As part of the wider growth strategy, Hashkey has launched new production lines targeting both retail and institutional markets.
One of its main launch operations this year ModaiAmnesty International Assistant, Multinational, designed using large language models of service providers such as Openai and Anthropor.
It is designed to simplify moderate content and customer support, the tool is expected to improve the user sharing while reducing operating costs.
The company also expanded the assortment of its investment products by launching the XRP Tracker fund, as it provided the exposure of institutional investors to the Ripple’s XRP without the need for a direct nursery.
The producer follows the former Bitcoin and ETHEREUM ETF boxes listed on the Hong Kong Stock Exchange.
Meanwhile, in March, Hashkey announced two of the investment funds circulating in the distinguished money market in cooperation with the director of Chinese assets Bosera.
These products, approved by the Securities and Futures Committee, were included, under the Hong Kong Monetary Selebox project and its organization to provide stable, low -risk investment options in both HKD and USD.
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