HashKey Global, a leading licensed digital asset exchange, has announced a strategic partnership with VerifyVASP, a global provider of Travel Rule compliance solutions. This collaboration aims to enhance compliance with the Financial Action Task Force’s (FATF) Travel Rule regulations across HashKey’s international network of licensed exchanges.
Strengthening AML Compliance in Digital Asset Transactions
As regulators worldwide ramp up enforcement of the FATF Travel Rule—designed to combat money laundering and illicit financial activities in virtual asset transactions—HashKey Global is taking proactive steps to ensure seamless compliance. The partnership with VerifyVASP will enable the platform to deploy robust compliance infrastructure while maintaining a secure and efficient user experience.
Since integrating with VerifyVASP’s network of Virtual Asset Service Providers (VASPs) last year, HashKey Global has processed thousands of verifications. These measures ensure that digital asset transfers are compliant, secure, and reach their intended counterparties with verified accuracy.
Commitment to Regulatory Excellence
Tim Xing, Board Director of HashKey Global, highlighted the importance of this initiative:
“This partnership with VerifyVASP reinforces HashKey Global’s commitment to setting the industry standard for regulatory compliance and security. As global enforcement of the Travel Rule accelerates, we are proactively enhancing our infrastructure to ensure seamless and compliant virtual asset transactions. By expanding this integration across our licensed exchanges, we continue to build a trusted and transparent digital asset ecosystem for users worldwide.”
ShihYun Chia, CEO of VerifyVASP, echoed this sentiment, stating:
“We are thrilled to be supporting HashKey Global in their Travel Rule compliance. This partnership demonstrates HashKey’s commitment to regulatory excellence and contributes to building a more compliant digital asset ecosystem globally. It also marks a significant milestone in the successful implementation of Travel Rule requirements across the digital asset industry.”
Expanding Secure and Compliant Digital Asset Services
HashKey Global has positioned itself as a leader in digital asset trading, offering a secure and transparent platform backed by stringent information security protocols, asset segregation, insurance coverage, independent audits, and secure settlement systems. With a license from the Bermuda Monetary Authority, the exchange provides a range of services, including LaunchPad offerings, leveraged trading, and derivatives contracts.
The integration with VerifyVASP further cements HashKey Global’s reputation as a forward-thinking exchange committed to regulatory alignment and the long-term security of digital asset transactions.
As regulatory frameworks for digital assets continue to evolve, partnerships like this one signal the industry’s broader move toward compliance-driven growth, ensuring a safer and more trustworthy ecosystem for all participants.
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