Gate.com Secures Malta PSD2 License to Expand EU Crypto Payments

Gate Technology Ltd, a part of Gate.com, has obtained a Payment Institution license in accordance with the European Union's Second Payment Services Directive (PSD2) from the Malta Financial Services Authority (MFSA). This achievement enables the Malta-based company to provide comprehensive payment services and stablecoin operations across the EU. With its PSD2 license, Gate aims to create a bridge between fiat currencies and Web3, offering regulated payment solutions throughout Europe. The company, which was previously licensed under MiCA for exchange and custody services, plans to use the PSD2 license to merge traditional financial methods with contemporary Web3 applications, highlighting Gate's dedication to adhering to legal standards in various jurisdictions, including the Bahamas, Japan, Australia, and the UAE. Catering to over 49 million users globally, Gate's strategic regulatory move reinforces its position as a leading crypto payments and exchange service provider in the international marketplace. The announcement also emphasizes that the provided information should not be taken as investment advice or as an invitation to invest, especially for users from regions where its services are not permitted.