Gate Dubai Approved for Full Operation License, Accelerating Market Expansion in the Middle East

A globally renowned cryptocurrency industry enterprise recently announced that its Dubai subsidiary has obtained a full operating license issued by the local Virtual Assets Regulatory Authority (VARA). This significant breakthrough enables the company to provide cryptocurrency trading services for institutions, qualified investors, and retail users, marking a further deepening of its global compliance strategy.

The company's founder and CEO emphasized a compliance-first development strategy and stated that Dubai is one of the most forward-looking regions in the global cryptocurrency industry. He believes that obtaining this license is not only a key step for the company to expand into the Middle East and global markets but also reflects the company's long-term commitment to security, transparency, and user protection.

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 two-way exchange transactions of cryptocurrency and fiat currency between users, including crypto-to-crypto, fiat-to-crypto, and reverse transactions, where users will act as counterparties to each other.

The head of the Dubai subsidiary stated that they are committed to creating a compliance platform that integrates global experience with local characteristics. Based on adherence to regulatory frameworks, the company 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 emerging as an important hub for the cryptocurrency industry. The company's choice of Dubai as a key starting point for its layout in the Middle East reflects a high level of recognition for the region's regulatory transparency, innovative vitality, and development potential.

It is worth noting that this company has always been at the forefront of compliance construction and investment in the industry. Currently, it has achieved compliance coverage in multiple regions including the Americas, the Middle East, Europe, and Asia. Several of the company's 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 company also completed the acquisition of a licensed exchange in Japan, further expanding its global compliance network.

This series of measures highlights the company's determination to promote compliance operations globally and has also won it a unique advantage in the fiercely competitive cryptocurrency market. With the official launch of its Dubai operations, the industry generally believes that this will bring new vitality and opportunities to the cryptocurrency ecosystem in the Middle East.