Gate Group , a crypto industry company , announced that its subsidiary Gate Technology FZE (Gate Dubai) has obtained a VASP license under the supervision and regulation of Dubai VARA, allowing it to provide crypto asset trading services to institutional investors, qualified investors and retail users. This important milestone marks another deepening and expansion of Gate Groups global compliance strategy.
Dr. Han, founder and CEO of Gate Group, said: We have always adhered to the development strategy of compliance first, and Dubai is undoubtedly one of the most forward-looking jurisdictions in the global crypto industry. Obtaining a full operating license issued by VARA is a key step for Gate Group to expand into the Middle East and global markets, and it also confirms our long-term commitment to security, transparency, and user protection. We look forward to growing together with the Dubai ecosystem and promoting the further prosperity of the local digital economy.
While obtaining the license, Gate Dubai is accelerating the establishment of a local team and actively preparing for the official launch of the platform. The platform will support two-way exchange transactions between crypto assets and fiat currencies between users, covering crypto-to-crypto, fiat-to-crypto and reverse transactions, with users acting as counterparties to each other.
The head of Gate Dubai said: We are committed to building a compliant platform that takes into account global experience and local characteristics. On the basis of respecting the VARA regulatory framework, we will continue to provide users with a safe, efficient and professional service experience and inject more vitality into Dubais digital asset ecosystem.
As a representative city with a high degree of integration of global technological innovation and financial freedom, Dubai is rapidly emerging as an important hub for the crypto industry. Gate Group chose Dubai as an important starting point for its layout in the Middle East, which is a deep recognition of the regions regulatory transparency, innovative vitality and development potential.
Gate Group is at the forefront of the industry in terms of compliance construction and investment, and has achieved compliance coverage in multiple regions including the Americas, the Middle East, Europe and Asia. Its multiple global entities have obtained or completed relevant regulatory registrations, license applications, authorizations or approvals in jurisdictions such as Lithuania, Argentina, Malta, Italy, the Bahamas, Gibraltar and Hong Kong, China. Last year, Gate Group also completed the acquisition of Coin Master, a licensed exchange in Japan, further expanding its global compliance network.
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