Gate Group, a leading cryptocurrency exchange, announces that its Italian entity, Gate Italy s.r.l., has successfully registered as a Virtual Asset Service Provider (VASP) with the Italian regulatory agency Organismo Agenti e Mediatori (OAM).
According to the VASP registration, Gate Italy s.r.l. can provide the following business services in Italy:
- Services functional to the use and exchange of virtual currencies and/or their conversion from or into legal tender currencies or digital representations of value, including those convertible into other virtual currencies.
- Virtual currency transfer and clearing services.
- Any other services functional to the acquisition, trading or intermediation in the exchange of virtual currencies virtual currencies.
- Digital wallet services.