Gate Group Secures VASP License from VARA for Its Dubai Entity
Gate Group has announced that its subsidiary, Gate Technology FZE (“Gate Dubai”), has been granted a Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Gate Dubai to offer exchange services to institutional, qualified, and retail investors, marking a key advancement in Gate Group’s global regulatory compliance journey.
Dr. Han, Founder and CEO of Gate Group, stated: “We have always adhered to a compliance-first strategy, and Dubai is undoubtedly one of the most forward-looking jurisdictions in the global crypto industry. Obtaining VARA’s full operational licence is a critical step in Gate Group’s expansion across the Middle East and the world, and it underscores our long-term commitment to security, transparency and user protection. We look forward to growing alongside Dubai’s ecosystem and driving further prosperity in the local digital economy.”
With the license in place, Gate Dubai is actively expanding its local team and preparing for its platform launch. The exchange will support both crypto-to-crypto and fiat-to-crypto (and vice versa) trading, with users acting as counterparties to each other.
“We are committed to creating a compliant platform that blends global expertise with local characteristics,” added Gate’s Dubai Head. “In full respect of VARA’s regulatory framework, we will continue to deliver secure, efficient and professional services, injecting new vitality into Dubai’s digital-asset ecosystem.”
Dubai’s reputation as a center where technological advancement meets financial innovation continues to grow, making it a strategic choice for Gate Group’s regional operations. The move demonstrates Gate’s confidence in the emirate’s transparent regulatory environment, dynamic growth, and commitment to innovation.
Gate Group’s compliance-first approach has positioned it as an industry leader, with regulatory footholds across the Americas, Middle East, Europe, and Asia. The company has secured various licenses and registrations in jurisdictions such as Lithuania, Argentina, Malta, Italy, Gibraltar, the Bahamas, and Hong Kong. Additionally, Gate Group’s acquisition of Japan-licensed exchange Coin Master last year has further strengthened its global compliance infrastructure.
In another development yesterday, IHC, ADQ, and First Abu Dhabi Bank (FAB) unveiled plans to launch a UAE Dirham-backed stablecoin, fully regulated by the UAE Central Bank and issued by FAB—one of the country’s largest financial institutions. This move represents a major stride in advancing the UAE’s digital financial infrastructure. The stablecoin is expected to have far-reaching implications across sectors such as finance, trade, and commerce, and further reinforces the UAE’s ambition to establish itself as a global leader in innovation and fintech.
