Gate Group, a leading provider of cryptocurrency exchanges and services, is pleased to announce its participation in the inaugural Hong Kong Web3 Festival 2023, scheduled for April 12-15, 2023 at the Hong Kong Convention and Exhibition Center (HKCEC). The event promises to attract a diverse audience including over 10,000 attendees, 300 distinguished industry speakers, approximately 100 Web3 projects, community partners, and media partners from around the world to foster a collaborative and supportive ecosystem for the blockchain industry.
Edwin Cheung, Business Lead of Gate Hong Kong, will represent Gate Group at Hong Kong Web3 Festival 2023 and will participate in a variety of Web3 events throughout the week. Additionally, Gate HK will co-host the BTS Labs Network Assembly on April 12, 2023, with BTS Labs, further demonstrating its commitment to fostering growth and engagement within the blockchain community in Hong Kong.
In addition to its participation in the Web3 Festival, Gate Digital Limited (Gate HK), the Hong Kong company of the Gate Group, has confirmed that it will apply for licenses from the Securities and Futures Commission (SFC) in Hong Kong. This comes after the group successfully obtained the Trust and Corporate Service Provider (TCSP) license from the Hong Kong business registry, which enables the group to offer virtual asset custody services.
Gate HK plans to apply for the Virtual Asset Service Provider (VASP) license under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 for non-security token trading and the licenses under the Securities and Futures Ordinance Type 1 (trading of securities) and Type 7 (provision of automated trading services) regulated activities for the trading of security tokens.
The anticipated VASP licenses will ensure Gate HK adheres to the highest standards of security and regulatory compliance and inspires trust from its customers. Gate Group is committed to contributing to Hong Kong’s groundbreaking Web3 Festival and supporting the ongoing development and expansion of the Web3 ecosystem.