Crypto market maker KeyRock secures Swiss regulatory clearance

• KeyRock has secured anti-money laundering compliance clearance from the Swiss Monetary Providers Requirements Affiliation (VQF).
• The startup is increasing its OTC providers through new on ramp/off ramp fiat currencies, together with GBP and AUD.

Belgian crypto market maker Keyrock has secured a key regulatory approval from the Swiss Monetary Providers Requirements Affiliation (VQF). The approval follows a complete evaluation of the corporate’s construction and processes with regard to compliance with the Swiss Anti-Cash Laundering Act (AMLA) regulation.

📢 Keyrock expands its OTC providers with extra fiat on/off-ramp options.

By our Swiss VQF membership, we’re now providing GBP, AUD, and 10+ different currencies alongside the usual USD and EURO.

Learn extra about these vital milestones 👇https://t.co/4v5SRzpftY

— Keyrock 🔑🪨 (@KeyrockTrading) September 26, 2023

KeyRock expands OTC desk

Compliance with AMLA pointers is a milestone that not solely ensures the crypto market maker aligns with anti-money laundering laws, but in addition affords a vital base for the startup’s growth efforts.

KeyRock CEO Kevin de Patoul mentioned in a press launch:

“Securing the VQF membership reinforces Keyrock’s stance on upholding rigorous regulatory requirements inside the crypto house. Because the panorama evolves, our focus stays steadfast on making certain each compliance and belief in our services.”

VQF is a government-approved monetary requirements physique that has beforehand granted regulatory clearance for crypto startup Bitcoin Suisse and custodian BitGo. The KeyRock approval permits the startup to broaden its OTC providers across the globe, the agency famous.

The growth will contain new fiat on-ramp and off-ramp designed to help greater than ten new currencies, together with GBP and AUD. At present, the service has been provided through USD and Euro.