Gate Group’s commitment to regulatory compliance and global expansion has taken another significant stride with its Italian subsidiary, Gate Technology Italia SRL, obtaining a VASP registration from Italy’s Organismo Agenti e Mediatori (OAM). This registration, numbered PSV150, enables Gate.MT, the Malta-regulated company of Gate Group, to provide virtual currency exchanges, conversions, transfers, clearing services, and digital wallet services to Italian clients.
Dr. Lin Han, founder and CEO of Gate Group, emphasized the importance of embracing regulatory measures that protect users and ensure secure, fair, and honest practices in the digital asset industry. ‘We are seeing the global digital asset regulatory environment mature. In alignment with our global strategy, we embrace measures that protect users and ensure secure, fair, and honest practices. As a technology, cryptocurrency has immense value and potential to benefit everyone, and adequate safeguards help maintain industry integrity to ensure this technology remains at the forefront.’
Gate Group’s proactive approach to compliance has fueled its global growth, with notable achievements including obtaining licenses and registrations in various jurisdictions, such as Hong Kong, Gibraltar, Malta, Lithuania, Dubai, the Bahamas, and Australia. These regulatory approvals have enabled Gate Group to provide a wide range of services, including cryptocurrency exchange, custody, brokerage, and charitable activities.
As a leader in the digital asset industry, Gate Group remains committed to delivering exceptional services to clients worldwide. With its customer and security-centric platforms, approach to regulatory compliance, and adaptability, Gate Group is well-equipped to navigate the ever-evolving digital asset landscape. As its world-class services reach more users globally, Gate Group remains dedicated to exceeding expectations and providing an unparalleled digital asset experience.
This news story relied on a press release distributed by BlockchainWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Gate Group Strengthens European Foothold with Italian VASP Registration.