MtmGate.MT, a company regulated by Malta and part of Gate Group, a leading global crypto exchange, proudly announces the successful completion of its VASP registration with Organismo Agenti e Mediatori (OAM) through its Italian subsidiary. This achievement empowers Gate.MT to provide virtual asset services to Italian customers in full compliance with local regulations via its Italian subsidiary.
Gate.MT is now authorized to offer the following services in Italy through its local subsidiary:
- Services facilitating the utilization and exchange of virtual currencies, including their conversion to or from legal tender currencies or digital representations of value, including those convertible into other virtual currencies.
- Transfer and clearing services for virtual currencies.
- Any other services facilitating the acquisition, trading, or intermediation in the exchange of virtual currencies.
- Digital wallet services.
The registration process was conducted through Gate Technology Italia SRL, a subsidiary of Gate.MT (Gate Technology Ltd). Details of the registration are accessible on the OAM's registry for virtual currency operators under registration number PSV150.
Giovanni Cunti, CEO of Gate.MT, expressed pride and excitement about obtaining this registration in Italy. He stated, "As a regulated crypto exchange, our main goal is to gain recognition from local regulators to ensure a safe and secure trading environment for our clients."
The expansion into Italy marks a significant milestone for Gate.MT and Gate Group as a whole. Their primary aim is to establish themselves as a leading regulated crypto exchange for European clients. The company is diligently preparing for the forthcoming MiCA regulation in the region, forging enduring partnerships with local regulators, and striving to offer clients top-notch, secure, and regulatory-compliant services.