Gate Group announces that Gate Dubai has been awarded a full operational license by the Virtual Asset Regulatory Authority, expanding its compliance footprint in the Middle East market.

2025-04-29 15:06

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Source: Gate.io

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

Dr. Han, Founder and CEO of Gate Group, stated: "We have always adhered to a development strategy that puts compliance first, and Dubai is undoubtedly one of the most forward-thinking jurisdictions in the global cryptocurrency industry. Having been awarded the full operational license by VARA is a key step for Gate Group to expand into the Middle East and global markets, reaffirming our long-term commitment to security, transparency, and user protection. We look forward to growing together with the Dubai ecosystem and further promoting the prosperity of the local digital economy."

Simultaneously with 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 bidirectional exchange transactions between users involving 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 building a compliant platform that combines global experience with local characteristics. In accordance with the VARA regulatory framework, we will continue to provide users with a secure, efficient, and professional service experience, injecting more vitality into the Dubai digital asset ecosystem."

As a city that represents a high degree of integration between global technological innovation and financial freedom, Dubai is rapidly emerging as a significant hub for the cryptocurrency industry. Gate Group's choice of Dubai as a key layout point in the Middle East region is a deep recognition of the region's regulatory transparency, innovation vitality, and development potential.

Gate Group is at the forefront of the industry in compliance construction and investment, having achieved compliance coverage in various regions such as 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 SAR of China. Last year, Gate Group also completed the acquisition of the licensed exchange platform Coin Master in Japan, further expanding its global compliance network.