Gate Group Successfully Registers with AUSTRAC to Provide Crypto Exchange Services in Australia

Gate Information Pty Ltd, an Australian company which is a part of Gate Group, successfully registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and was entered into AUSTRAC's Reporting Entities Roll in November 2023. Gate Group can now legally provide digital asset exchange services to local customers through its Australian company.

To successfully register, Gate Group had to meet all obligations outlined by AUSTRAC relating to AML/CTF. Following registration, Gate Group is committed to providing secure, high-quality digital asset services to retail and institutional clients in Australia. These services are specifically designed to cater to the unique requirements and preferences of Australian clients while ensuring compliance with all legal and regulatory requirements.

Dr. Lin Han, founder and CEO of Gate Group, said: "We're thrilled to bring reliable and trustworthy digital asset services to the Australian market, and we are grateful for AUSTRAC's diligent approval process. We're excited to be a part of this dynamic industry and look forward to serving the needs of Australian users."

As a leading digital asset service provider for clients worldwide, Gate Group is committed to expanding its presence globally with a strong focus on compliance, security, and innovation. It also delivers superior customer experiences and contributes to the growth and development of the blockchain and digital asset industry. The successful registration with AUSTRAC is a significant milestone for Gate Group and reinforces its commitment to meeting regulatory requirements and providing trusted services to clients in Australia and beyond.

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 14 million users around the world. It has been ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko.