Gate Dubai has obtained a full operating license issued by VARA, advancing the compliance process in the Middle East market.

A globally renowned company in the cryptocurrency industry recently announced that its Dubai subsidiary has obtained a virtual asset service provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA). This means the company can provide cryptocurrency trading services in Dubai for institutional investors, qualified investors, and retail users. This significant development marks a key step in the group's global compliance strategy.

The founder and CEO of the group stated: "We have always adhered to a compliance-first development philosophy. Dubai is undoubtedly one of the most forward-looking regions in the global cryptocurrency industry. Obtaining the full operational license from VARA is not only an important step for us to expand into the Middle East and global markets, but 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 local digital economy."

With the acquisition of the license, the company's Dubai subsidiary is accelerating the formation of a local team and actively preparing for the official launch of the platform. The platform will support bidirectional exchange transactions between users for cryptocurrency assets and fiat currency, including crypto-to-crypto, fiat-to-crypto, and reverse transactions, where users will directly act as each other's trading counterparties.

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

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

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