Gate accelerates its European expansion, with Malta's regulatory advantages boosting its MiCA compliance process.

According to MaltaCEOs.mt, Giovanni Cunti, CEO of Gate Technology Ltd., outlined Gate Group's strategic plans following the acquisition of its Maltese license in an interview. Gate Group's decision to establish its European operations in Malta in 2018 was made after a comprehensive evaluation of the emerging European crypto market. Cunti explained that the team compared multiple jurisdictions, considering factors such as openness to crypto businesses, regulatory maturity, government support, and ecosystem development. Malta, as a pioneer in implementing crypto regulations and positioned as a "blockchain island," ultimately stood out. Gate completed its registration in Malta at the end of 2018, laying the institutional and procedural foundation for providing compliant crypto asset services.

Giovanni Cunti emphasized that Gate, through close collaboration with the Malta Financial Services Authority (MFSA) and its years of deep cultivation in the region, has not only strengthened its compliance capabilities but also driven the development of the overall crypto ecosystem in Malta. Gate will continue to use Malta as its core European hub to further expand its business footprint in the European market.