Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3 By Cointelegraph
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Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government’s planned $6.4 million (50 million Hong Kong dollar) cash injection into Web3 as per the city’s 2023-24 budget.
Gate Group said on Feb. 22 that it will apply for a crypto license in Hong Kong allowing it to launch “Gate HK.” The firm’s local company, Hippo Financial Services, gained a license in August 2022 to provide virtual asset custodial services.
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Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government’s planned $6.4 million (50 million Hong Kong dollar) cash injection into Web3 as per the city’s 2023-24 budget.
Gate Group said on Feb. 22 that it will apply for a crypto license in Hong Kong allowing it to launch “Gate HK.” The firm’s local company, Hippo Financial Services, gained a license in August 2022 to provide virtual asset custodial services.
Continue Reading on Coin Telegraph
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