Brussels-based crypto market maker Keyrock has received regulatory approval from the Swiss Financial Services Standards Association (VQF). This approval will allow the company to expand its presence in Europe and globally.
Keyrock CEO, Kevin de Patoul, stated in his remarks, “Securing VQF membership reinforces Keyrock’s commitment to stringent regulations in the crypto sector.”
In a press release, it was highlighted that Keyrock is currently actively preparing for compliance with MiCA.
The VQF, recognized by Switzerland’s renowned regulator, the Financial Market Supervisory Authority (FINMA), operates as a self-regulating body. Keyrock obtaining this approval indicates that the company is operating in accordance with anti-money laundering standards.
Keyrock Expanding Its OTC Services
Keyrock announced that, in addition to the regulatory permission it obtained in Switzerland, it will be expanding its over-the-counter (OTC) trading services. This expansion will cover not only the existing currency pairs such as USD and EUR but will also include other fiat currencies like GBP.
The company indicated that this expansion reflects its commitment to offering a specialized OTC solution enriched with a variety of currency options. CEO Kevin de Patoul emphasized that their belief in diversified flow is further solidified with these new steps.