Gate Strengthens EU Presence with PSD2 License

Gate Technology Ltd., the Malta-based entity of Gate, has made significant strides in expanding its presence in the European market. The company has obtained a Payment Institution license under the EU's Second Payment Services Directive (PSD2) from the Malta Financial Services Authority (MFSA). This regulatory approval positions Gate to build a secure and scalable bridge between traditional finance and Web3 infrastructure across the continent.

The license is seen as a critical step in aligning with the Markets in Crypto-Assets (MiCA) regulatory framework. It allows Gate to expand its payment services across the European Union through passporting rights, further solidifying its position in the market. The company has emphasized its commitment to compliance and regulatory excellence, highlighting the importance of this achievement.

Gate's CEO, Mr. Giovanni Cunti, noted that the license is a result of the team's dedication and marks a significant milestone for the company. He also emphasized the broader significance of the license, noting that it establishes a strong foundation for future financial services and ensures regulatory certainty for both institutional and retail clients in the dynamic European market.