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Keyrock, a market maker based in Belgium, announced that it received approval from the Swiss Financial Services Standards Association (VQF). 
VQF is the organization responsible for enforcing anti-money laundering laws in Switzerland. Keyrock has met Switzerland’s local laws’ minimum compliance requirements. 
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 📢 Keyrock expands its OTC services with more fiat on/off-ramp solutions. Through our Swiss VQF membership, we're now offering GBP, AUD, and 10+ other currencies alongside the standard USD and EURO. Read more about these significant milestones 👇<a href="https://t.co/4v5SRzpftY" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4v5SRzpftY</a>— Keyrock 🔑🪨 (@KeyrockTrading) <a href="https://twitter.com/KeyrockTrading/status/1706622816420859941?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 26, 2023</a> 
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Keyrock has received approval to function as a financial intermediary in Switzerland and provide its services to crypto businesses and investors based in Switzerland.&nbsp; 
 You might also like: <a href="https://crypto.news/switzerlands-banque-syz-unveils-crypto-fund-with-cmcc-global/" rel="noopener noreferrer nofollow"> Switzerland’s Banque SYZ unveils crypto fund with CMCC Global&nbsp; </a> 
This approval is similar to other crypto companies, including Bitcoin Suisse and <a href="https://crypto.news/ftx-moving-coins-to-bitgo-plans-to-settle-the-over-8b-debt-ongoing/" data-type="post" data-id="14192210" rel="noopener noreferrer nofollow">BitGo</a>, who have also obtained VQF authorization and are leading players in the crypto industry. 
Switzerland is recognized as a highly supportive jurisdiction for developing the crypto industry market segment.&nbsp; 
The country has taken steps to expand the blockchain industry by amending existing fiscal, compliance, and finance laws to facilitate growth in the crypto industry. 
The Swiss government has established&nbsp;<a target="_blank" href="https://crypto.news/swiss-government-introduces-blockchain-task-force-regulate-startups-icos/" rel="noopener noreferrer nofollow">Taskforce Blockchain</a>&nbsp;to regulate further the blockchain and Initial Coin Offering (ICO) industry.&nbsp; 
Key ministers and representatives lead this task force from the finance, economic, and education sectors.&nbsp; 
The government has ensured a comprehensive and inclusive approach to regulation by involving various stakeholders, including legal representatives and members of the Swiss blockchain startup ecosystem. 
 You might also like: <a href="https://crypto.news/switzerland-crypto-think-tank-launches-initiative-to-add-bitcoin-btc-in-federal-constitution/" rel="noopener noreferrer nofollow"> Switzerland: Crypto Think Tank Launches Initiative to Add Bitcoin (BTC) in Federal Constitution </a>

Keyrock, a Belgium-based market maker, approved in Switzerland

crypto.news

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