Gate Obtains Malta Payment Institution (PI) License, Strengthening EU Stablecoin Payment Infrastructure
- Core Viewpoint: Gate Technology Ltd., a Malta-based company under the cryptocurrency exchange Gate, has obtained an EU PSD2 Payment Institution license. This move is a crucial step in its strategy to bridge traditional finance and Web3, enhancing its ability to provide compliant services and regulatory certainty in the European market.
- Key Elements:
- Gate Technology Ltd. has been granted a Payment Institution (PI) license by the Malta Financial Services Authority (MFSA) under the EU's PSD2 directive.
- This license makes Gate one of the earliest crypto-native companies in Europe to receive this level of regulatory approval, allowing it to expand payment services through the EU's passporting mechanism.
- The company's CEO stated that this initiative aims to build a compliant bridge between traditional finance and Web3 and aligns with the upcoming MiCA regulatory framework.
- Gate had previously obtained a MiCA license in Malta and has been advancing its compliance layout across multiple global jurisdictions.
- This move aims to provide greater regulatory certainty for institutional and retail clients in Europe and strengthen its capacity for financial service expansion.
Cryptocurrency trading platform Gate has officially announced that its Maltese entity, Gate Technology Ltd, has been granted a Payment Institution (PI) license by the Malta Financial Services Authority (MFSA) under the European Union's Second Payment Services Directive (PSD2). This milestone makes Gate one of the earliest crypto-native companies in Europe to receive this level of regulatory approval, further solidifying its long-term strategic positioning to bridge traditional finance with Web3 infrastructure across the continent.
Mr. Giovanni Cunti, CEO of Gate Technology Ltd., stated, "We are deeply proud to have obtained the Payment Institution license. This enables Gate to build secure and scalable bridges between traditional finance and Web3, offering fully compliant payment solutions to our European clients. This achievement is the result of the team's continuous efforts and represents a crucial step in aligning with the MiCA regulatory framework." He further noted that the license holds broader strategic significance, not only enhancing the company's future capacity to expand financial services but also providing a more solid foundation of regulatory certainty for both institutional and retail clients in the European market.
The acquisition of this license follows Gate's earlier regulatory progress in Malta, where it had already obtained a MiCA license to conduct trading and custody services. The implementation of these qualifications reflects Gate's systematic strategy for advancing its global compliance layout. Currently, multiple entities under Gate have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions including Malta, Cyprus, the Bahamas, Japan, Australia, and Dubai.
With the acquisition of the PSD2 license, Gate is now expanding its payment services footprint across the European Union through the EU passporting mechanism. This license not only demonstrates Gate's strong commitment to compliance and regulatory standards but also strengthens its capability to connect traditional financial mechanisms with Web3 application scenarios, fostering the development of a more secure, seamless, and efficient user ecosystem. Against the backdrop of the evolving European crypto market, Gate is poised to play a significant role in promoting innovation, transparency, and trust-building within digital financial infrastructure.
About Gate
Founded in 2013, Gate is one of the pioneers in the cryptocurrency industry. Its flagship platform, Gate.com, has rapidly grown into one of the world's earliest and most renowned cryptocurrency exchanges, serving over 49 million users globally and consistently ranking among the top 3 in the industry by market share.
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