Gate Dubai Obtains Full Operation License from Virtual Assets Regulatory Authority, Expands Compliance Layout in the Middle East

A globally renowned cryptocurrency enterprise group recently announced that its Dubai subsidiary has obtained a VASP license under the supervision of the local Virtual Assets Regulatory Authority (VARA), allowing it to provide cryptocurrency trading services to institutional investors, qualified investors, and retail users. This development marks a significant breakthrough for the group in its global compliance strategy.

The founder and CEO of the group stated: "We have always adhered to a compliance-first development philosophy. Dubai, as one of the most forward-looking regions in the global crypto industry, obtaining a full operating license issued by VARA is crucial for us to expand 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 advancing the local digital economy."

The Dubai subsidiary is currently intensifying the formation of a local team and actively preparing for the official launch of the platform. This platform will support two-way exchange transactions between users for cryptocurrency assets and fiat currencies, including crypto-to-crypto, fiat-to-crypto, and reverse transactions, with users acting directly as counterparties.

The head of the Dubai subsidiary stated: "We are committed to creating a compliance platform that integrates global experience with local characteristics. Based on adherence to the VARA regulatory framework, we will continue to provide users with a safe, efficient, and professional service experience, injecting more vitality into the Dubai digital asset ecosystem."

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

The group is at the forefront of compliance construction and investment in the industry, having achieved compliance coverage in multiple regions including the Americas, the Middle East, Europe, and Asia. Its global entities have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Lithuania, Argentina, Malta, Italy, the Bahamas, Gibraltar, and Hong Kong. Last year, the group also completed the acquisition of a licensed exchange in Japan, further expanding its global compliance network.