Gate Dubai Obtains VARA Full Operating License, Advancing Compliance Layout in the Middle East Market

The globally renowned cryptocurrency enterprise group recently announced that its Dubai subsidiary has obtained a full VASP operating license issued by the local Virtual Asset Regulatory Authority (VARA). This marks that the company can provide cryptocurrency trading services for institutions, qualified, and retail investors under VARA's regulatory framework, further expanding its global compliance strategy.

The company's founder and CEO stated: "Compliance has always been our core strategy. Dubai, as one of the pioneering regions in the global cryptocurrency industry, obtaining VARA licensing 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 promoting the local digital economy."

The Dubai subsidiary is currently assembling a local team in preparation for the official launch of the platform. The platform will support bidirectional exchange transactions between users involving cryptocurrency and fiat currency, including various trading methods such as crypto-to-crypto and fiat-to-crypto.

The head of the Dubai subsidiary stated: "We are committed to creating a compliance platform that integrates global experience with local characteristics. While adhering to VARA regulatory requirements, we will provide users with safe, efficient, and professional services, injecting new 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 strategic layout point in the Middle East reflects a high recognition of the region's regulatory transparency, innovative vitality, and development potential.

The group is a leader in global compliance construction, having achieved compliance coverage in various regions including the Americas, the Middle East, Europe, and Asia. Multiple entities under the group 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.