PANAMA CITY, Panama, March 2024, 3 (GLOBE NEWSWIRE) -- Gate Group adds Italian VASP registration to list of global expansion achievements
Gate.MT, a Malta-regulated company of the Gate Group, recently announced the successful registration of VASP with the Organismo Agenti e Mediatori (OAM) in Italy through its Italian subsidiary, Gate Technology Italia SRL. This registration follows a series of other regulatory registrations, licenses and approvals in jurisdictions around the world as part of the Gate Group’s global expansion.
Gate.MT can now provide a variety of services to Italian customers through its local subsidiary, including virtual currency exchange and conversion, transfers, clearing services and digital wallet services. Full registration details are available through the OAM registry under registration number PSV150.
Gate Group's aggressive compliance approach drives global growth
In recent years, Gate Group has made significant progress in compliance and business development, driven by the company’s global expansion strategy centered on security, transparency and regulatory compliance.
“We are seeing a maturing regulatory environment for digital assets around the world. In line with our global strategy, we take steps to protect users and ensure safe, fair and honest practices. As a technology, cryptocurrency has tremendous value and potential to benefit everyone, and adequate safeguards help maintain industry integrity and ensure this technology remains at the forefront,” said Dr. Han Lin, Founder and CEO of Gate Group.
Gate Group’s notable successes in this field include but are not limited to:
- Hong Kong: TCSP license can provide digital currency custody services
- Gibraltar: DLT license provides broker/dealer and custody services related to digital currencies, and is approved by the Gibraltar Charity Commissioner to engage in charitable activities.
- Malta: Class 4 Virtual Financial Asset Service Provider License for cryptocurrency trading, on-ramps and off-ramps, and custody services.
- Lithuania: VASP registration allows providing services as digital currency exchange operators and custodians.
- Dubai DMCC: License for proprietary trading services related to cryptocurrencies.
- Italy: VASP registration allows provision of cryptocurrency exchange and wallet services.
- Bahamas: SCB approves digital asset business, exchange of digital assets for legal tender, provision of exchange of one or more digital assets, and digital asset transfer services.
- Australia: Registered as a VASP with AUSTRAC.
Gate Group is proud to be a leader in the digital asset industry and is committed to providing exceptional service to clients around the world. With a client- and security-centric platform, compliance approach, and adaptability, Gate Group is well-positioned to navigate the evolving digital asset landscape. As its world-class services reach more users around the world, Gate Group remains committed to exceeding expectations and delivering an unparalleled digital asset experience.