Strategic partnership strengthens regulatory compliance throughout HashKey International’s worldwide trade community.
SINGAPORE, March 10, 2025 /PRNewswire/ — HashKey International, a number one licensed trade, and VerifyVASP, a worldwide Journey Rule resolution supplier, have introduced a strategic partnership to deploy complete Journey Rule compliance options throughout HashKey’s worldwide community of licensed exchanges. This initiative aligns with the accelerated enforcement of Monetary Motion Process Power (FATF) Journey Rule rules by jurisdictions worldwide, addressing evolving anti-money laundering (AML) necessities for digital asset transactions.
HashKey International, because the flagship licensed trade beneath HashKey Group, stands out as a number one platform within the digital asset business. It’s designed to ship a safe, clear, and dependable buying and selling expertise for customers worldwide. The platform incorporates complete measures reminiscent of sturdy asset segregation, stringent data safety protocols, insurance coverage protection, impartial audits, and safe cost settlement methods. These options guarantee the best degree of safety for person belongings and information whereas sustaining operational transparency.
Since integrating with VerifyVASP’s community of Digital Asset Service Suppliers (VASPs) final 12 months, HashKey International has efficiently processed 1000’s of verifications, making certain compliant and correct transfers of belongings obtained by the meant counterparty and corresponding beneficiary.
Tim Xing, Board Director, HashKey International, mentioned: “This partnership with VerifyVASP reinforces HashKey International’s dedication to setting the business normal for regulatory compliance and safety. As international enforcement of the Journey Rule accelerates, we’re proactively enhancing our infrastructure to make sure seamless and compliant digital asset transactions. By increasing this integration throughout our licensed exchanges, we proceed to construct a trusted and clear digital asset ecosystem for customers worldwide.”
“We’re thrilled to be supporting HashKey International of their Journey Rule compliance,” mentioned ShihYun Chia, CEO at VerifyVASP. “This partnership demonstrates HashKey’s dedication to regulatory excellence and contributes to constructing a extra compliant digital asset ecosystem globally. It additionally marks a big milestone of profitable journey rule implementation within the digital asset regulatory panorama.”
About HashKey International
HashKey International is the flagship digital asset trade beneath HashKey Group, providing licensed digital asset buying and selling companies to customers worldwide, and turns into one of many fastest-growing crypto exchanges in 2024. HashKey International has obtained a license from the Bermuda Financial Authority offering mainstream buying and selling and repair merchandise reminiscent of LaunchPad, contracts, leverage, and so forth.
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About VerifyVASP
VerifyVASP is a decentralised messaging protocol for Journey Rule compliance supported by regulated VASPs. VerifyVASP supplies complete Journey Rule options that embody counterparty due diligence, messaging protocol, on-chain threat evaluation and session on Journey Rule/private information safety necessities.
