Gate Money Links Banks and Payment Networks; Compliant Layout Supports Service Implementation
2026-10-29 11:14:19
According to CoinMeta, Gate Money has achieved compliance in multiple regions by connecting banks with payment networks, enabling the implementation of its services. Eligible users can use their bank accounts to manage fiat funds by currency, perform deposits and withdrawals, and send and receive digital assets through supported blockchain networks. Gate has obtained MICA licenses as well as payment institution licenses (PI) in the European Union; its Dubai entity has received a VARA license, and its Australian entity has completed registration as a digital currency trading service provider under AUSTRAC. These qualifications apply to the respective entities and their authorized businesses. Gate US holds 37 state-level currency transfer licenses (MTL), covering 47 states and regions in the United States. The latest reserve fund report for Gate shows that the platform's total reserve fund has increased to 8.688 billion US dollars, with an overall reserve coverage rate of 118.49%. BTC has a reserve of 25,727 units, with a reserve ratio of 121.60%; ETH has a reserve of 449,042 units, with a reserve ratio of 123.78%.
Source:Internet
This content is for market information only and does not constitute investment advice.
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