NEWSROOM

Gate Group Obtains VASP License in Italy

TURKEY - Gate Group's Maltese arm, Gate.MT, through its Italian subsidiary Gate Technology Italia SRL, has announced the acquisition of a VASP (Virtual Asset Service Provider) license. With this license, Gate.MT will now be able to offer a variety of services to Italian customers through its local subsidiary, including cryptocurrency exchange and conversion, transfers, swap services, and digital wallet services.

The full details of the license can be accessed in the Organismo Agenti e Mediatori (OAM) records under the registration number PSV150.

Gate Group's Compliance Efforts Support Global Growth

Gate Group has made significant progress in compliance and business development as a result of the company's focus on security, transparency, and regulatory compliance in its global expansion strategy in recent years.

Dr. Lin Han, founder and CEO of Gate Group: “We see the global digital asset regulatory environment growing. In line with our global strategy, we are adopting measures that provide safe, fair, and honest practices that protect users. As a technology, cryptocurrency has tremendous value and potential to benefit everyone. Adequate protective measures help maintain industry integrity, ensuring that this technology remains at the forefront."

Gate Group has already taken several compliance steps around the world.

Hong Kong: TCSP license for providing digital currency custody services.
Gibraltar: DLT license for providing brokerage/dealing and custody services related to digital currencies, approval by the Gibraltar Charity Commission for philanthropic activities.
Malta: Class 4 Virtual Financial Asset Service Provider license for cryptocurrency exchange, On-ramp and off-ramp, and custody services.
Lithuania: VASP license allowing the provision of services as a digital currency exchange operator and custodian.
Dubai DMCC: License for proprietary trading services related to cryptocurrencies.
Italy: VASP license for providing cryptocurrency exchange and wallet services.
The Bahamas: SCB approval to enter the digital asset business, transition from digital asset to fiat currency, offer one or more digital asset exchanges, and provide digital asset transfer services.
Australia: AUSTRAC license as a VASP.

The announcement stated that Gate Group is committed to leading in the digital asset industry, offering exceptional services to its users worldwide. With user and security-focused platforms, a regulatory compliance approach, and adaptability, they are well-equipped for the continuously evolving digital asset ecosystem.