Crypto exchange Gate.io has made significant progress in its European expansion plans after its Malta-based subsidiary received a PSD2 license, enabling the company to provide stablecoin payment services in all European Union member states under the Markets in Crypto-Assets Regulation (MiCA) rules.
The license is in addition to the previous MiCA licenses granted to the company for exchange and custody services, further solidifying its position in the regulated European crypto market.
Gate.io can now introduce stablecoin payment services in all EU member states without the need for additional licenses with the PSD2 license.
The PSD2 license also emphasizes strong customer authentication and open banking, enabling the platform to integrate its stablecoins with the existing banking and payment infrastructure with high security and compliance standards.
As the rules around crypto payments become clearer, the move shows that traditional banks in Europe are becoming more open to stablecoins.
Gate.io enables EU-wide compliant crypto payments
Gate.io is now regulated by PSD2 and the Markets in Crypto-Assets Regulation (MiCA) rules. This means that banks, fintechs, and payment service providers can work with Gate.io to offer crypto payment services that follow both sets of rules without having to deal with different rules in different countries.
Experts think that these rules will make businesses more willing to look into blockchain payments and settlements in more depth.
Gate.io strengthens regulatory footing in Europe with dual approvals
Gate.io has made it easier to operate within Europe’s regulatory framework after securing both PSD2 authorization and earlier approval under the Markets in Crypto-Assets Regulation (MiCA).
With these two approvals in place, the platform is positioning itself as a fully regulated exchange.
The licence also makes the platform capable of offering smooth and compliant payment services across the EU.
The development marks an important step because it helps build trust among regulators, banks, and businesses that rely on clear rules and transparent processes when working with digital assets, signaling a shift toward more regulated and institution-friendly crypto services in the European market.
It also shows that crypto exchanges are capable of operating within traditional financial regulations rather than operating outside of them.
This could set the tone for other crypto exchanges that would like to enter the EU but still want to be at the forefront of innovation in the field of tokenized payments and blockchain settlement solutions.