Cryptocurrency industry company Gate Group announced that its subsidiary Gate Technology FZE (referred to as "Gate Dubai") has obtained a VASP license under the regulation and supervision of VARA in Dubai, allowing it to provide cryptocurrency trading services to institutional investors, qualified investors, and retail users. This significant milestone marks another deepening of Gate Group's global compliance strategy.

Gate Group founder and CEO Dr. Han stated, "We have always adhered to a compliance-first development strategy, and Dubai is undoubtedly one of the most forward-looking jurisdictions in the global cryptocurrency industry. Obtaining the full operating license issued by VARA is a key step for Gate Group in expanding into the Middle East and global markets, and it reaffirms our long-term commitment to security, transparency, and user protection. We look forward to growing together with the Dubai ecosystem and further promoting the local digital economy."

At the same time as obtaining the 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 trading between users for cryptocurrency and fiat currency, covering crypto-to-crypto, fiat-to-crypto, and reverse transactions, with users acting as counterparties to each other.

The head of Gate Dubai stated, "We are committed to creating a compliant platform that balances global experience with local characteristics. Based on respect for the VARA regulatory framework, we will continue to provide users with a safe, efficient, and professional service experience, injecting more vitality into Dubai's digital asset ecosystem."

As a representative city where technological innovation and financial freedom are highly integrated, Dubai is rapidly emerging as an important hub for the cryptocurrency industry. Gate Group choosing Dubai as an important starting point for its layout in the Middle East is a deep recognition of the region's regulatory transparency, innovative vitality, and development potential.

Gate Group is at the forefront of compliance construction and investment in the industry, having achieved compliance coverage in multiple regions including the Americas, Middle East, Europe, and Asia. Its 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. Last year, Gate Group also completed the acquisition of the licensed exchange Coin Master in Japan, further expanding its global compliance network.

Disclaimer: This content does not constitute any offer, solicitation, or advice. 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 its services from restricted areas. Please read the applicable user agreement for more information.

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