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Cryptocurrency News Articles

Gate Technology FZE (“Gate Dubai”), a part of Gate Group, has obtained a VASP License under the regulation and supervision of VARA in Dubai

Apr 29, 2025 at 03:11 pm

This milestone marks another significant step forward in Gate Group's global compliance strategy.

Gate Technology FZE (“Gate Dubai”), a part of Gate Group, has obtained a VASP License under the regulation and supervision of VARA in Dubai

Group, a world-leading player in crypto space, has announced that its subsidiary, Gate Technology FZE (“Gate Dubai”), has secured a VASP License from the Virtual Asset Regulation Authority (VARA) in Dubai. The license will enable to provide exchange services to institutional, qualified, and retail investors in accordance with the regulations and supervision of VARA. This marks another milestone in's global compliance strategy.

"We have always maintained a compliance-first approach, and Dubai is certainly one of the most forward-looking jurisdictions in the global crypto space. Securing VARA's full operational licence is a critical step in Group's expansion across the Middle East and the world, and it reaffirms our deep commitment to security, transparency and user protection. We look forward to integrating further into Dubai's ecosystem and driving more prosperity in the local digital economy," said Dr. Han, Group's Founder and CEO.

As part of the next phase of expansion, Group is expanding its local team and preparing for the official launch of the platform in Dubai. The platform will allow users to initiate crypto-to-crypto and fiat-to-crypto and vice versa trades with other users acting as the counterparties to these transactions.

"We are focused on creating a compliant platform that blends global expertise with local characteristics. In full respect of VARA's regulatory framework, we will continue to deliver secure, efficient and professional services, injecting new vitality into Dubai's digital-asset ecosystem," said Head of Dubai.

A city where technological innovation and financial freedom collide, Dubai is quickly emerging as a key hub for the crypto industry. Group's choice of Dubai for its Middle East launchpad reflects deep recognition of the region's regulatory transparency, innovative drive and growth potential.

Group's compliance efforts and investments rank among industry leaders, boasting a compliant presence in the Americas, Middle East, Europe and Asia. Various Group entities have obtained or completed regulatory registrations, licences, authorizations, or approvals in several jurisdictions, including Lithuania, Argentina, Malta, Italy, Gibraltar, Bahamas, and Hong Kong. Last year, Group also completed the acquisition of Japan-licensed exchange Coin Master, further expanding its international compliance network.

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Other articles published on Apr 29, 2025