TLDR
- Gate obtains PSD2 authorization in Malta, expanding European payment capabilities.
- Dual licensing under PSD2 and MiCA creates comprehensive EU regulatory framework.
- European passporting enables rapid expansion into additional member state markets.
- PSD2 framework permits euro transactions, direct debit processing, and account management.
- New authorization establishes groundwork for future stablecoin and payment offerings.
The crypto exchange Gate has strengthened its European regulatory foothold by obtaining a PSD2 license in Malta, complementing its existing MiCA authorization. This development marks a significant step in the platform’s strategy to deliver compliant payment solutions throughout the European Union. With both cryptocurrency and payment service permissions now in place, Gate has substantially broadened its operational capabilities under European regulatory frameworks.
PSD2 Authorization Opens European Payment Corridors
Through its Maltese subsidiary, Gate successfully obtained PSD2 approval, granting the platform authority to conduct regulated payment operations across European markets. This authorization encompasses payment account management and supports essential functions for processing euro transactions and stablecoin settlements. Importantly, the PSD2 license includes passporting privileges, enabling Gate to expand its services into multiple EU jurisdictions without requiring separate licenses in each country.
By combining this fresh PSD2 authorization with its previously secured MiCA license, Gate has constructed a robust dual-pillar compliance architecture for its European operations. The exchange is now positioned to merge traditional payment infrastructure with digital asset services seamlessly. The PSD2 regulatory framework facilitates these integration efforts while ensuring consistent oversight across all participating member nations.
Under PSD2 regulations, Gate gains the capacity to process various payment types, including credit transfers and direct debit transactions. The license additionally permits account-related services, creating a comprehensive legal foundation for transaction processing activities. Consequently, this approval provides Gate with legitimate access to European Union payment networks and infrastructure.
Dual Licensing Strategy Reinforces Regulatory Position
Gate previously secured a MiCA license that authorized exchange operations and digital asset custody services throughout the European Union. The addition of PSD2 licensing diversifies its service portfolio and deepens compliance with European financial regulations. This two-pronged licensing approach supports the development of innovative products while embedding the platform firmly within the region’s regulated financial ecosystem.
The exchange continues advancing its worldwide compliance initiatives, maintaining regulatory approvals in numerous key jurisdictions. Malta serves as a critical operational center, providing clear regulatory pathways for both MiCA and PSD2 activities. This favorable regulatory environment supports the company’s strategic vision and reinforces its commitment to building integrated Web3 and traditional finance infrastructure.
Gate anticipates deploying enhanced payment functionalities, with PSD2 authorization serving as a catalyst for this expansion. The approval bolsters confidence in the platform’s compliance framework and encourages greater institutional participation. Furthermore, the PSD2 component establishes infrastructure for launching new account-based services throughout European territories.
European Crypto Payment Landscape Evolves Through Regulation
Numerous cryptocurrency exchanges are pursuing PSD2 authorizations, with Gate becoming part of this growing regulatory movement across Europe. This strategic direction aligns with MiCA compliance obligations and responds to increasing market demand for regulated stablecoin payment infrastructure. The PSD2 framework provides regulatory supervision while allowing companies to function within established financial governance structures.
Several competing platforms have recently obtained comparable licenses, demonstrating the industry’s progression toward harmonized EU standards. Gate’s participation reinforces this emerging pattern and validates the broader acceptance of regulated payment frameworks within the crypto sector. PSD2 authorization has effectively become an essential prerequisite for digital asset platforms seeking to offer payment-related services.
Gate has not yet announced specific payment product details, and implementation schedules remain undisclosed at this time. Nevertheless, the PSD2 license establishes the necessary regulatory foundation and expands the firm’s authorized operating scope. This milestone positions Gate for continued expansion and advances its comprehensive European market strategy.
