Gate, a major cryptocurrency exchange, has secured a Payment Institution license under the EU’s PSD2 framework from the Malta Financial Services Authority. This regulatory milestone, achieved by its Malta-based entity Gate Technology Ltd, enables the firm to expand compliant payment services across the European Union. The license is part of Gate’s strategy to bridge traditional finance with Web3 infrastructure in Europe.
The cryptocurrency exchange Gate announced that its Malta-based entity, Gate Technology Ltd, has obtained a Payment Institution license under the EU’s PSD2 directive. This approval was granted by the Malta Financial Services Authority (MFSA) and positions Gate among a select group of crypto-native companies to achieve this regulatory status in Europe.
The CEO of Gate Technology Ltd, Mr. Giovanni Cunti, commented on the achievement. “We are proud to have secured this Payment Institution license. It positions Gate to build a secure, scalable bridge between traditional finance and Web3, delivering compliant payment solutions to clients across Europe,” he stated. He further noted the license establishes a foundation for future services and ensures regulatory certainty in the European market.
This development follows Gate’s earlier acquisition of a full MiCA license for exchange and custody services in Malta. These licenses are components of the firm’s wider global compliance strategy, which spans multiple jurisdictions including Cyprus, the Bahamas, Japan, Australia, and Dubai. Malta has served as a strategic hub for the company’s European operations.
By securing the PSD2 license, Gate gains passporting rights to expand its payment services across the European Union. The firm, which was founded in 2013, operates the Gate.com platform and serves over 49 million users globally. The license enhances its ability to integrate traditional finance mechanisms with Web3 applications.
