HashKey Global, a leading licensed exchange, has partnered with VerifyVASP, a global provider of Travel Rule solutions, to implement Travel Rule compliance across HashKey’s international network of exchanges.
This partnership comes in response to the growing enforcement of the Financial Action Task Force (FATF) Travel Rule regulations worldwide, addressing the need for better anti-money laundering (AML) practices in virtual asset transactions.
Read also – Callio Therapeutics Raises US$187 Mn Series A Funding
As the flagship exchange of HashKey Group, HashKey Global is known for providing a secure, transparent, and reliable trading platform. It includes strong asset protection measures such as asset segregation, information security, insurance, independent audits, and secure payment systems to safeguard user assets and data.
Since joining VerifyVASP’s network of Virtual Asset Service Providers (VASPs) last year, HashKey Global has successfully processed thousands of verifications, ensuring compliant and accurate asset transfers to the correct recipients.
Tim Xing, Board Director, HashKey Global, said: “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.”
“We are thrilled to be supporting HashKey Global in their Travel Rule compliance,” said ShihYun Chia, CEO at VerifyVASP. “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 of successful travel rule implementation in the digital asset regulatory landscape.”
About VerifyVASP
VerifyVASP is a decentralized messaging system for Travel Rule compliance, supported by regulated VASPs. It offers complete Travel Rule solutions, including counterparty checks, messaging protocol, on-chain risk analysis, and advice on Travel Rule and personal data protection requirements.
About HashKey Global
HashKey Global is the main digital asset exchange of HashKey Group, offering licensed trading services to users worldwide. It is one of the fastest-growing crypto exchanges in 2024. The exchange has a license from the Bermuda Monetary Authority and provides popular services like LaunchPad, contracts, and leverage.
