to Launch US Services after Gaining State Licenses

Gate US, the American subsidiary of, announced on Monday that it has received several state licenses, allowing it to operate as a crypto exchange in most of the country.
 "Gate US is committed to regulatory compliance. In accordance with such commitments, Gate US has proactively registered with FinCEN as a money services business  and has obtained a number of money transmission licenses or similar permits for its operations and is currently working to obtain more," he said. Dr. Lin Han, Founder and President of Gate USA. and Gate Group. 

 Gate USA, Inc.  launched in March 2022 as a digital asset marketplace  for US users only. Despite receiving licenses, the local cryptocurrency exchange has yet to launch its services in the United States. It has not yet provided an expected release schedule. 
 Gate USA's Terms of Service further emphasized that its services are not  available to US residents in  New York State, Hawaii and Puerto Rico. 

 "Gate US may not be available in your state yet, but we are working as quickly as possible to obtain the necessary permits to operate nationwide. Please check back soon to see if we are operating in your state," according to the  Gate US official. website "You are strictly prohibited from using Gate USA if you are located in any prohibited jurisdiction." 
 Check out the recent London Summit session on the burning question: "Is crypto on its way out or here to stay?" 

 Several customers from the US and Canada complained earlier this year that the crypto exchange had closed their accounts.

 According to its terms of use, users from the United States, Mainland China, Canada, Singapore, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea  and Bolivia are prohibited from using the platform. It also limited its services in several other jurisdictions.

Global Expansion 

 At the same time, is  expanding its international presence elsewhere by obtaining an official license. In early September, it obtained Virtual Asset Service Provider (VASP) registration in Lithuania and recently entered Turkey through the local stock exchange. It also received licenses in Malta and Dubai. 

 Crypto Exchange Group has also expanded its services beyond retail, launching an institutional arm  in May. The company provides services to market makers and brokers.


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