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Is Gate.io accessible in Italy?
If you're wondering whether Gate.io is available in Italy, the answer is yes. Unlike in France, Spain, or the Netherlands, where the platform is prohibited, Gate.io has been authorized to operate in Italy. This approval stems from obtaining a Virtual Asset Service Provider (VASP) license issued by the Organismo Agenti e Mediatori (OAM), the Italian equivalent of the AMF (French Financial Markets Authority). This license allows Gate.io to legally offer its services to Italian residents.
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Why is Gate.io allowed in Italy?
Gate.io, founded in China in 2013 and now present in several jurisdictions, offers more than 3,600 digital assets in spot, futures, and other derivatives. To operate legally in Italy, the platform had to obtain a specific license issued by the OAM.
This license, registered under number PSV150, allows Gate.io to provide services such as virtual currency exchange, virtual currency transfer and clearing services, and digital wallet services.
The criteria for obtaining an OAM license in Italy for Gate.io
The Organismo Agenti e Mediatori (OAM) is the body responsible for supervising virtual asset service providers in Italy. To obtain a VASP license, platforms must meet several criteria, including:
Registration with the OAM : Providers must register on the special register of virtual currency operators maintained by the OAM.
Compliance with anti-money laundering (AML) regulations : Platforms must implement robust procedures to detect and prevent illicit activities, in accordance with European anti-money laundering directives.
Transparency and security : Service providers must guarantee the security of users' funds and ensure total transparency in their operations.
Since Italy is one of the few countries in Europe to allow platforms like Gate.io to operate on its territory, it would seem that the OAM is less restrictive compared to other European regulators.
In which countries other than Italy is Gate.io accessible?
Besides Italy, Gate.io is available in over 165 countries. However, some jurisdictions prohibit or restrict access to it due to local regulations.
Countries where Gate.io is available:
Although some restrictions may exist, the platform remains accessible in several regions:
Latin America : Brazil, Peru, Mexico
Asia : South Korea, Vietnam, Thailand
Africa : Morocco, Egypt, Nigeria
Europe : Italy, Poland, Portugal
Countries where Gate.io is restricted or banned:
According to Gate.io's terms of service, several jurisdictions are considered "restricted areas," preventing their residents from accessing the platform's services:
North America & Europe : United States, Canada, France, Germany, United Kingdom, Netherlands, Austria, Spain, Malta
Asia & Middle East : Mainland China, Hong Kong, Singapore, Malaysia, Iran, North Korea, Syria, India, Indonesia, Japan
Latin America & Africa : Venezuela, Bolivia, Argentina, Sudan
Other conflict zones : Crimea, Luhansk, Donetsk, Myanmar, Uzbekistan, Cambodia
Gate.io reserves the right to update this list at any time, depending on regulatory changes.
Gate.io's regulatory approvals outside of Italy
Gate.io holds several regulatory licenses in addition to Italy, allowing it to operate legally in certain jurisdictions. These certifications are essential for offering crypto-asset services to residents of the countries in question. However, each country applies its own criteria for regulating digital assets. Therefore, authorization obtained in one jurisdiction does not automatically guarantee market access in another country.
Some of the licenses obtained by Gate.io:
- MFSA (Malta) : Category 4 license for virtual asset financial services, authorizing the exchange and custody of digital assets in Maltese territory.
- AUSTRAC (Australia) : Registered as a digital currency exchange service provider, ensuring compliance with anti-money laundering and counter-terrorist financing regulations.
- SCB (Bahamas) : Certification issued by the Bahamas Securities Commission, allowing Gate.io to operate legally in the local cryptocurrency market.
- DMCC (Dubai) : License granted by the Dubai Multi Commodities Centre, authorizing Gate.io to conduct its crypto-asset trading activities in the United Arab Emirates.
What does Gate.io offer?
Gate.io is one of the platforms offering the widest range of crypto-assets and provides several attractive features:
Benefits :
Over 3,600 cryptocurrencies listed, including rare cryptocurrencies (ltc)
Futures and leveraged margin trading
NFT Marketplace
Copytrading and automated trading bots
Passive returns (staking, yield farming, lending)
Disadvantages :
Not regulated in some European jurisdictions
Customer service criticized
The interface can be complex for beginners
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Yoann
Trained as an engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future, I am participating in its democratization by developing Crypternon.