Belgian Market Maker KeyRock Acquires Swiss Anti-Money Laundering Approval
KeyRock, the Belgian crypto market marker, has successfully gotten clearance from the Swiss Financial Services Standards Association (VQF).
On September 26, Keyrock successfully obtained approval from the VQF, a recognized financial standards organization sanctioned by Swiss regulatory authorities for overseeing compliance with anti-money laundering (AML) standards.
This endorsement comes after Keyrock demonstrated its adherence to stringent AML requirements established by the Swiss Financial Market Supervisory Authority (FINMA), enabling the company to operate within Switzerland.
Keyrock's compliance was confirmed following an extensive evaluation of its internal controls, processes, and procedures, ensuring alignment with AMLA guidelines. This achievement affirms Keyrock's commitment to meeting the high standards set by one of Switzerland's most esteemed self-regulatory organizations, VQF.
The backing from VQF not only underscores Keyrock's dedication to transparency, integrity, and accountability but also serves to enhance trust and reputation among its users. Additionally, Keyrock's engagement with VQF reflects its proactive approach to regulatory matters, emphasizing responsible advancement within the industry.
Chief Executive Officer at KeyRock, Kevin de Patoul, said in a statement that:
"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."
The Belgian market marker joins other crypto firms like Bitcoin Suisse and custodian BitGo to register with VQF.
Following its approval to operate in Switzerland, the Belgium-based market maker Keyrock has
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