Gate Technology FZE (“Gate UAE”) is licensed by the Dubai Virtual Assets Regulatory Authority (“VARA”) with license number [no.] to provide exchange services and ancillary custodian services, subject to the following restrictions:
Currently, Gate UAE’s responsible individuals are Jawad Almohtar (CCO), Muhammad Sheri Dil Awan (CFO), and Edwin Cheung (CEO).
Gate UAE will offer two types of services to its users: Exchange Service, which provides users with an online platform that will facilitate user-to-user trades of virtual assets for supported fiat currencies or another type of virtual asset; and Custodian Service, which is an ancillary service to the Exchange Service offered and will allow users to deposit and withdraw virtual assets and fiat currencies to or from their accounts with Gate UAE.