Gate Group Secures VASP License
In a significant advancement for its international operations, Gate Group has revealed that its arm, Gate Technology FZE, popularly known as Gate Dubai, has secured a Virtual Asset Service Provider (VASP) license. This accreditation comes from the Virtual Asset Regulatory Authority (VARA) of Dubai, legitimizing Gate Dubai’s ability to offer cryptocurrency trading services to a range of clients, including institutional investors, qualified investors, as well as retail users.
This achievement underscores Gate Group’s ongoing commitment to regulatory compliance as it expands its global footprint.
Commitment to Regulatory Standards
Gate Group places immense value on adhering to regulatory standards, with various branches successfully navigating the licensing and registration processes in multiple regions, including Lithuania, Argentina, Malta, Italy, and Hong Kong. This includes a strategic acquisition last year of Coin Master, a licensed cryptocurrency exchange operating in Japan, which further solidified the company’s compliance framework.
CEO’s Vision
Dr. Han, the CEO and founder of Gate Group, emphasized that the company’s development strategy prioritizes compliance. He noted that receiving VARA’s full license is a pivotal milestone as it enables Gate Group to broaden its reach within the Middle East and international markets, reaffirming their dedication to safety, transparency, and protecting users’ interests.
