Gate Group Obtained VASP License in Italy

Gate Group’s arm in Malta Gate.MT, It announced that it has obtained a VASP (Virtual Asset Service Providers) license through its Italian subsidiary Gate Technology Italia SRL. With this license, Gate.MT will now be able to offer a variety of services to Italian customers through its local subsidiary, including cryptocurrency exchanges and conversions, transfers, exchange services and digital wallet services.

Full license details are on file with Organismo Agenti e Mediatori (OAM). PSV150 can be reached using the registration number.

Gate Group’s Compliance Efforts Support Global Growth

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

Founder and CEO of Gate Group, Dr. Lin Han: ”We see the global digital asset regulatory landscape growing. Consistent with our global strategy, we adopt measures that protect users and ensure safe, fair and honest practices. As a technology, cryptocurrency has tremendous value and potential to benefit everyone. Adequate safeguards help maintain industry integrity to ensure this technology remains at the forefront.” he said.

Gate Group has taken many appropriate steps in the rest of the world.

• Hong Kong: TCSP license to provide digital currencies custody services.
• Gibraltar: DLT license to provide broker/dealer and custody services in relation to digital currencies, Gibraltar Charity Commission approval to engage in charitable 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: Proprietary trading services license related to cryptocurrencies.
• Italy: VASP license enabling the provision of cryptocurrency exchange and wallet services.
• Bahamas: SCB approval to enter the digital asset business, convert from digital asset to fiat currency, offer one or more digital asset exchanges, and offer digital asset transfer services.
• Australia: AUSTRAC license as VASP.

In the statement, it was stated that Gate Group is committed to providing exceptional services to its users worldwide on the way to becoming a leader in the digital asset industry, and it was underlined that they are well equipped for the constantly evolving digital asset ecosystem with their user and security-focused platforms, regulatory compliance approach and adaptability.