Cryptocurrency News Official TheBitTimes.com

KeyRock has secured anti-money laundering compliance clearance from the Swiss Financial Services Standards Association (VQF). The startup is expanding its OTC services via new on ramp/off ramp fiat currencies, including GBP and AUD. Belgian crypto market maker Keyrock has secured a key regulatory approval from the Swiss Financial Services Standards Association (VQF). The approval follows a comprehensive review of the company’s structure and processes with regard to compliance with the Swiss Anti-Money Laundering Act (AMLA) regulation. 📢 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 👇https://t.co/4v5SRzpftY — Keyrock 🔑🪨 (@KeyrockTrading) September 26, 2023 KeyRock expands OTC desk Compliance with AMLA guidelin...

New Zealand’s central bank is trying to exercise caution in taking a regulatory approach towards crypto and stablecoins, stating that the government is monitoring the development of crypto regulations globally. The Reserve Bank of New Zealand’s (RBNZ) Director of Money and Cash, Ian Woolford, released a statement on June 30, based on the summary of submissions from 50 stakeholders. It stated that while risks are associated with crypto currency and stablecoins, there were uncertainties around the growth trajectory of the burgeoning asset class globally. Woolford stated part of the submissions believed it was essential to regulate the sector to protect investors from scams and implosions. Still, most submitters called for a more flexible regulatory approach that would encourage innovation. Woolford states, “We agree that caution is needed, reinforcing the need for enhanced data and monitoring to build understanding.” You might also like: Coinbase advocat...