Announcements Gate Group Adds Italian VASP Registration to List of Global Expansion Achievements

Gate Group Adds Italian VASP Registration to List of Global Expansion Achievements

2024-03-20 11:09:59 UTC 28395 Read

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Gate.MT, the Malta-regulated company part of Gate Group, one of the world's leading crypto exchanges, proudly announces the completion of its VASP registration with Organismo Agenti e Mediatori (OAM) through its Italian subsidiary. This enables Gate.MT to offer virtual asset services to Italian customers in compliance with local regulations through its Italian subsidiary.

![](https://gimg2.gateimg.com/image/article/1710932001en.png)
 
Gate.MT is now permitted to provide the following services in Italy through its local subsidiary:
 
• Services functional to the use and exchange of virtual currencies and/or their conversion from or into legal tender currencies or digital representations of value, including those convertible into other virtual currencies.
• Virtual currency transfer and clearing services.
• Any other services functional to the acquisition, trading or intermediation in the exchange of virtual currencies virtual currencies.
• Digital wallet services.
 
The Registration was completed through Gate Technology Italia SRL, a subsidiary of Gate.MT (Gate Technology Ltd). Registration details are available on the OAM's virtual currency operators registry under the registration number [PSV150](https://www.organismo-am.it/elenchi-registri/operatori_valute_virtuali/dettaglio_elenco.html "PSV150").
 
"We are proud and excited to receive this registration in Italy. As a regulated crypto exchange, it is our primary objective to receive acceptance by local regulators in order to provide a safe and secure environment for our clients to trade," said Giovanni Cunti, CEO of Gate.MT.
 
"Expansion in Italy represents a key milestone for Gate.MT and, more in general, for Gate Group. Our primary objective is to become a prominent regulated crypto exchange for European clients. We are working hard to prepare for the upcoming MiCA regulation in the region, build long-standing working relationships with local regulators, and offer our clients safe, secure, and best-in-class services."
 
Gate.MT will focus on reinforcing its compliance measures with existing regulations and preparing to meet future regulatory developments in the Maltese, Italian, and European Union jurisdictions.

Gate.MT has obtained registration with OAM through its Italian subsidiary as part of Gate Group's expansion strategy that prioritizes compliance with regulations. Gate Group has also acquired digital currency-related licenses and VASP registrations in several countries and regions, including Gibraltar, Bahamas, Australia, Malta, Italy, Dubai, Hong Kong, Lithuania, and others. This global expansion aims to better serve clients worldwide and strengthen trust in the blockchain and digital asset sector.

**About Gate.MT**
Gate.MT is the Malta-based cryptocurrency exchange platform of Gate Group, a crypto industry pioneer. It is licensed by the Malta Financial Services Authority as a Tier 4 Service Provider for Virtual Financial Assets (Gate Technology Ltd, reg. C89337). As an established exchange built on cutting-edge technology, Gate.MT offers a broad range of retail and institutional virtual asset services, including efficient and convenient trading systems with instant deposits and withdrawals. Gate.MT is committed to providing a safe, fair, and reliable trading experience.

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March 20th, 2024

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