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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. 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 has received approval to function as a financial intermediary in Switzerland and provide its services to crypto businesses and investors based in Switzerland.  You might also like: Switzerland’s Banque SYZ unveils crypto fund with CMCC Global  This approval is similar to other crypto companies, including Bitcoin Suisse ...

Approximately $26 million in bitcoin and crypto assets belonging to Terraform Labs executives, including founder Do Kwon, have reportedly been frozen by authorities in Switzerland. South Korean news outlet Digital Asset reported that the funds were taken from Zurich-based digital asset bank Sygnum at the request of US federal prosecutors and the Securities and Exchange Commission (SEC). Sygnum made headlines back in 2017 when it announced it was the world’s first regulated digital asset bank. In February this year, the SEC said that 10,000 bitcoins were transferred from Terraform Labs and the Luna Foundation Guard (LFG) to personal wallets belonging to top execs. “Since May 2022, defendants have sent the bitcoins in this wallet to Swiss financial institutions and turned it into fiat currency, withdrawing more than $100 million by the time of filing the lawsuit,” the SEC said. In April this year, Digital Asset reported that the Seoul Southern District Prosecutors’ Office’s Financi...