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The Brussels-based crypto firm Keyrock secured regulatory approval from the Swiss Financial Services Standards Association. It plans to expand its fiat on/off-ramp services through its over-the-counter trading desk. 

Cryptocurrency market-making firm Keyrock announced it received regulatory approval from the Swiss Financial Services Standards Association (VQF). In a press release, the firm explained that its membership with the VQF demonstrates its dedication to Swiss Anti-Money Laundering Act regulations. 

Dedicated to Regulatory Compliance

The firm obtained its membership following a comprehensive review of its internal controls, processes and procedures.

Kevin de Patoul, Keyrock CEO, commented:

“Securing the VQF membership reinforces Keyrock’s stance on upholding rigorous regulatory standards within the crypto space. As the landscape evolves, our focus remains steadfast on ensuring both compliance and trust in our services.” 

General Counsel for Keyrock, Reza Ghadiri-Zare, added:

“As Keyrock continues to expand its activities into new jurisdictions, this milestone confirms our commitment to engage with regulatory authorities globally to align our operations with the highest level of compliance requirements.” 

OTC Desk Expands Its Fiat On-Ramp/Off-Ramp Services

With its Swiss regulatory approval, Keyrock now operates in over 80 exchanges across over 400 markets. In an effort to continue its growth, the firm’s over-the-counter (OTC) desk expanded its fiat on-ramp/off-ramp services to support additional currencies, including GBP and AUD, alongside the USD and EURO currencies.

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Author: Jana Serfontein

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