Gate Obtains Malta Payments Institution License, Strengthening EU Stablecoin Payment Infrastructure
Gate, one of many world-leading gamers in crypto house, introduced that Gate Technology Ltd, its Malta-based entity, has formally obtained a Payment Institution license underneath the EU’s Second Payment Services Directive (PSD2) from the Malta Financial Services Authority (MFSA).
This milestone locations Gate amongst one of many crypto-native corporations in Europe to safe this stage of regulatory approval, reinforcing its long-term technique to bridge legacy finance and Web3 infrastructure throughout the continent.
Gate Technology Ltd. CEO, Mr. Giovanni Cunti, commented on the achievement: “We are proud to have secured this Payment Institution license. It positions Gate to construct a safe, scalable bridge between conventional finance and Web3, delivering compliant fee options to shoppers throughout Europe.
This accomplishment is the results of our workforce’s dedication and marks a essential step in aligning with MiCA’s regulatory framework.” He additional emphasised the broader significance of the license, noting that it establishes a robust basis for future monetary companies and ensures regulatory certainty for each institutional and retail shoppers within the dynamic European market.
This announcement builds on Gate’s earlier regulatory achievements in Malta, the place Gate beforehand obtained a full MiCA license to offer change and custody companies. These milestones are a part of Gate’s complete international compliance technique, which spans a number of jurisdictions, together with however not restricted to Malta, Cyprus, the Bahamas, Japan, Australia, and Dubai.
Malta, particularly, has emerged as a strategic hub for European operations, providing a clear and forward-looking regulatory atmosphere that aligns with Gate’s imaginative and prescient for safe, scalable, and progressive digital asset companies.
By securing the PSD2 license, Gate is now increasing its fee companies throughout the European Union by way of passporting rights. The license not solely affirms Gate’s dedication to compliance and regulatory excellence, but additionally enhances its capability to combine conventional finance mechanisms with Web3 functions, making a seamless, safe, and environment friendly ecosystem for customers. As Europe’s crypto panorama continues to evolve, Gate is well-positioned to play a number one position in driving innovation, transparency, and belief in digital monetary infrastructure.
About Gate
Founded in 2013, Gate is a pioneer within the cryptocurrency business, with its flagship platform, Gate.com, serving over 49 million customers globally and rating among the many prime 3 crypto exchanges worldwide by market share.
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Disclaimer: This content material doesn’t represent a suggestion, solicitation, or suggestion. You ought to all the time search impartial skilled recommendation earlier than making funding choices. Gate might prohibit or prohibit all or a part of its companies for customers from restricted areas. For extra info, please learn the relevant User Agreement.
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