[//]:content-type-MARKDOWN-DONOT-DELETE  Gate Group, a leader in cryptocurrency exchange and services, announces that its Hong Kong entity, Gate Digital Limited (hereinafter referred to as "Gate HK"), is gearing up to apply for licences with the Securities and Futures Commission (SFC) in Hong Kong. This comes after the Group successfully obtained the Trust and Corporate Service Provider (TCSP) licence from the Company Registry in Hong Kong, allowing the Group to offer virtual assets custody services. The SFC has established a dual licence regime for virtual asset trading platforms in Hong Kong, and Gate HK will apply for the Virtual Asset Service Provider (VASP) Licence under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 for the trading of non-security tokens as well as the Licences under the Securities and Futures Ordinance for Type 1 (Dealing in Securities) and Type 7 (Providing Automated Trading Services) regulated activities for the trading of security tokens. Gate Group's plan to apply for the aforementioned licences is in line with its dedication to operating within a regulated environment and providing users with a secure and compliant trading platform. The licence will allow Gate HK to offer virtual asset exchange services in Hong Kong under regulatory supervision. The process of obtaining the VASPs registration is currently underway, and Gate Group is working diligently to meet all requirements set forth by the SFC. By adhering to these regulations, Gate HK will further reinforce its position as a trusted and transparent virtual asset exchange platform. "We are thrilled about the opportunity to expand our presence in Hong Kong and offer our users a secure and compliant trading environment," said Dr.Han Lin, Founder and CEO of Gate Group. "The upcoming VASP Licences will ensure that we continue to operate within the highest standards of security and regulatory compliance, fostering trust and confidence among our customers." ###About Gate Group Established in 2013, Gate Group is one of the pioneers in the crypto industry. It has established a comprehensive ecosystem, which includes a cryptocurrency exchange, public blockchain, decentralized finance, research and analysis, venture capital investing, wallet services, startup incubator labs and more. Gate.io is a leading global cryptocurrency exchange under Gate Group. Gate.io offers diverse trading services with 100% user-verifiable Proof of Reserves, and it has grown to serve over 12 million users around the world. It has been consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and has received a rating of 4.8 by Forbes Advisor, topping the list of Best Crypto Exchanges for 2023. Gateway to Crypto Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io [Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals") [Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now. Reach out to us! Twitter: https://twitter.com/gate_io GateVIP Twitter: https://twitter.com/GateioVIP Telegram: https://t.me/gate_io API Telegram: https://t.me/gateioapi Instagram: https://www.instagram.com/gateioglobal Medium: https://gateio.medium.com/ Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team April 11, 2023