tl;dr
Gate Group, through its subsidiary Gate Japan K.K., has acquired all shares of Japanese cryptocurrency service provider Coin Master Co., Ltd. The acquisition aligns with Gate.io's decision to cease opening new accounts for users in Japan and to phase out global services for Japanese users. This stra...
Gate Group has acquired Coin Master Co., Ltd., a Japanese cryptocurrency service provider, and renamed it "Gate Japan K.K." as part of its expansion into the Japanese market. This move aligns with Gate.io's decision to cease opening new accounts for users in Japan and phase out global services for Japanese users, aiming to comply with local laws and regulations.
The acquisition is intended to provide a localized digital asset trading platform that complies with Japanese regulations and strengthen Gate Group's business operations in Japan. Gate Group is committed to meeting Japan's regulatory requirements for transparency and compliance in its platform operations, contributing to the healthy development of the global digital asset industry.
Gate Group's subsidiary, Gate Japan K.K., has acquired all shares of Coin Master Co., Ltd., with the goal of strengthening its localized operations and enhancing the digital asset trading experience for Japanese users. This strategic move underscores Gate Group's commitment to regulatory compliance and providing innovative products and services to Japanese users.
As the digital asset market in Japan continues to evolve within its regulatory framework, Gate Group's acquisition reflects its dedication to adhering to local laws and regulations while contributing to the healthy development of the global digital asset industry. The acquisition is expected to bolster localized operations and improve services for the Japanese market, leveraging Gate Group's technological advantages and resources to enhance the digital asset trading experience for Japanese users.
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