Gate Dubai Obtains Complete VARA Operating License, Accelerating Expansion in the Middle East Market

A globally renowned cryptocurrency industry company recently announced that its subsidiary in Dubai has obtained a full operating license issued by the local Virtual Assets Regulatory Authority (VARA). This means that the company can now provide cryptocurrency asset trading services in Dubai, catering to institutional investors, qualified investors, and retail users. This move marks an important step for the company in its global compliance strategy.

The company's founder and CEO stated: "We have always adhered to the principle of compliance first. Dubai, as one of the most forward-looking regions in the global crypto industry, obtaining full operational licensing from VARA is crucial for our expansion into the Middle East and global markets. This also reflects our long-term commitment to security, transparency, and user protection. We look forward to growing together with the Dubai ecosystem and further promoting the development of the local digital economy."

With the acquisition of the license, the company's Dubai team is accelerating its formation and actively preparing for the official launch of the platform. The planned platform will support users in conducting two-way exchange transactions between crypto assets and fiat currencies, including crypto-to-crypto, fiat-to-crypto, and reverse transactions, allowing users to act as counterparties directly.

The head of the Dubai team stated: "We are committed to creating a compliant platform that integrates global experience with local characteristics. While adhering to the VARA regulatory framework, we will continuously provide users with a safe, efficient, and professional service experience, injecting new vitality into Dubai's digital asset ecosystem."

As a model city where technological innovation and financial freedom are highly integrated, Dubai is rapidly becoming an important hub for the cryptocurrency industry. The company's choice of Dubai as the starting point for its strategic layout in the Middle East reflects its high recognition of the region's regulatory transparency, innovative vitality, and development potential.

It is worth noting that the company has been at the forefront of global compliance construction in the industry. Currently, it has achieved compliance coverage in multiple regions including the Americas, the Middle East, Europe, and Asia. Several entities of the company have obtained or completed relevant regulatory registrations, license applications, authorizations, or approval processes in regions such as Lithuania, Argentina, Malta, Italy, the Bahamas, Gibraltar, and Hong Kong, China. Last year, the company also completed the acquisition of a licensed exchange in Japan, further expanding its global compliance network.