Gate US Acquires Digital Asset Trading License In Many US States

Key Points:

• Gate US has actively applied to the Financial Crimes Enforcement Network (FinCEN) to register as an MSB agency

• Gate US has received MTL licenses (Money Transmitter Licensing) in a number of states.

• Advanced secure and transparent management practices will be employed.

Current news includes an announcement from Gate US that it has applied for and been granted a Money Transmitter License (MTL) from the appropriate United States states in order to legally run a digital asset exchange business.

To conduct business as a digital asset exchange, Gate US has secured the necessary MTL licenses from the appropriate US states. For the states in which Gate US has been granted a license, this means the company can legally run its business and offer digital asset trading services to its customers there.

In order to offer its digital asset trading services to individual and institutional customers in the United States, the platform has received MTL licenses (Money Transmitter Licensing) in a number of states. As of right now, Gate US is neither live nor accepting customers.

A representative has stated that Gate.io and Gate US are two separate entities. Independent of technology, finance, and operations, this platform will run its bitcoin business in accordance with all applicable United States rules.

According to Gate US Head of Legal Cody Karras, “Gate US has actively applied to the Financial Crimes Enforcement Network (FinCEN) to register as an MSB agency, and is working hard to get all required state licenses, based on compliance with the regulatory rules.” The platform’s mission is to make it the most popular platform in the US for trading digital assets and will increase confidence in digital assets among American users by employing secure and transparent management practices.

Gate US is the premier blockchain and digital asset infrastructure service provider, with a focus on serving individual and institutional investors in the United States with digital asset trading services and fostering an environment where digital assets can move freely across borders. The platform will keep moving forward with the compliance procedure to acquire state government licenses from the vast majority of US jurisdictions in accordance with local legal and regulatory requirements.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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