Gate Group announces Gate Dubai has obtained a complete operating license issued by the Virtual Assets Regulatory Authority to expand the compliance landscape of the Middle East market

Gate Group, a world-leading crypto industry company, announced that its subsidiary Gate Technology FZE (referred to as "Gate Dubai") has obtained a VASP license under the supervision and supervision of Dubai VARA and is approved to provide crypto asset trading services, covering institutional investors, qualified investors and retail users. This important milestone marks another deepening and expansion of Gate Group's global compliance strategy.

Dr. Han, founder and CEO of Gate Group, said: "We always adhere to the compliance-first development strategy, 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 its Middle East and global markets, and it also confirms our long-term commitment in security, transparency, user protection, etc. We look forward to growing together with the Dubai ecosystem and promoting the further prosperity of the local digital economy."

While obtaining a license, Gate Dubai is accelerating the formation 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 currency between users, covering crypto-to-crypto, fiat currency pair encryption and reverse transactions, with users serving as counterparts.

Gate Dubai head said: "We are committed to building a compliance platform that combines 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 the Dubai 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 in the crypto industry. Gate Group 's choice of Dubai as an important starting point for the Middle East region is a deep recognition of the region's regulatory transparency, innovation vitality and development potential.

Gate Group ranks among the industry in terms of compliance construction and investment, and has achieved compliance coverage in many regions such as the Americas, the Middle East, Europe and Asia. Many of its global entities have obtained or completed relevant regulatory registration, license application, authorization or approval in jurisdictions such as Lithuania, Argentina, Malta, Italy, the Bahamas, Gibraltar, and Hong Kong, China. Last year, Gate Group also completed its acquisition of Japanese licensed exchange Coin Master, further expanding its global compliance network.

Disclaimer: This content does not constitute any offer, solicitation, or suggestions. You should always seek independent professional advice before making any investment decisions. Please note that Gate Group may restrict or prohibit all or part of services from restricted areas. Please read the applicable user agreement for more information.