Strategic partnership strengthens regulatory compliance throughout HashKey World’s worldwide change community.
SINGAPORE, March 10, 2025 /PRNewswire/ — HashKey World, a number one licensed change, and VerifyVASP, a worldwide Journey Rule answer 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 Drive (FATF) Journey Rule laws by jurisdictions worldwide, addressing evolving anti-money laundering (AML) necessities for digital asset transactions.
HashKey World, because the flagship licensed change underneath 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 info safety protocols, insurance coverage protection, impartial audits, and safe fee settlement methods. These options guarantee the best stage of safety for consumer belongings and knowledge whereas sustaining operational transparency.
Since integrating with VerifyVASP’s community of Digital Asset Service Suppliers (VASPs) final 12 months, HashKey World has efficiently processed hundreds of verifications, guaranteeing compliant and correct transfers of belongings obtained by the supposed counterparty and corresponding beneficiary.
Tim Xing, Board Director, HashKey World, mentioned: “This partnership with VerifyVASP reinforces HashKey World’s dedication to setting the business customary for regulatory compliance and safety. As world 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 World 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 major milestone of profitable journey rule implementation within the digital asset regulatory panorama.”
About HashKey World
HashKey World is the flagship digital asset change underneath HashKey Group, providing licensed digital asset buying and selling providers to customers worldwide, and turns into one of many fastest-growing crypto exchanges in 2024. HashKey World 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 gives complete Journey Rule options that embody counterparty due diligence, messaging protocol, on-chain danger evaluation and session on Journey Rule/private knowledge safety necessities.
