ChainCatcher news, Gate Group has acquired all issued shares of the Japanese cryptocurrency service provider Coin Master Co., Ltd. Coin Master will officially be renamed "Gate Japan KK" (abbreviated as "Gate Japan").Gate's acquisition of Coin Master aims to provide a localized digital asset trading platform that complies with local regulations, thereby strengthening Gate's commitment to meet the specific needs of Japanese users and further expanding its business operations in Japan.

ChainCatcher news, Gate.io's parent company Gate Group announced that its Italian entity Gate Italy srl has successfully registered as a Virtual Asset Service Provider (VASP) in Italy. Gate Italy srl can offer a variety of virtual asset services in Italy, including cryptocurrency trading, transfers, purchases, brokerage, and digital wallets, while complying with local laws and regulations as well as anti-money laundering requirements. (Source link)

ChainCatcher news, the parent company of the encrypted exchange Gate.io, Gate Group, announced plans to launch the Gate Visa cryptocurrency debit card through its company Gate Global UAB located in Lithuania. Through projects like the Gate Visa debit card, Gate Group debit cardholders can seamlessly convert and use digital assets to pay for goods and services. (The Block)

ChainCatcher news, Gate.io's parent company Gate Group will apply for a new cryptocurrency license in Hong Kong and launch a new platform designed for the Hong Kong market, Gate HK.Gate.io previously tweeted that Gate has obtained a Trust and Company Service Provider (TCSP) license in Hong Kong, allowing it to provide custody solutions covering a range of digital assets. (Source link)

ChainCatcher news, Gate.io announced that Gate Group has obtained the Hong Kong TCSP license, allowing it to expand compliant, secure, and comprehensive custody services in Hong Kong. Additionally, a new platform, Gate HK, is under development.Previous report, last August, Hippo Financial Services, a subsidiary of Gate.io Group, obtained a Hong Kong crypto custody license, which will allow it to provide virtual asset custody services. (Source link)