Crypto Payments Firm UTRUST Gets Swiss Regulatory Approval

Cryptocurrency payments firm UTRUST announced on Friday that it has been given the green light to join the Financial Services Standards Association (FSSA).

A Swiss self-regulating organisation, the FSSA also has the approval of FINMA – Switzerland’s main financial regulator.

The decision means that UTRUST will be able to operate as a ‘financial intermediary’ under the Swiss Anti-Money Laundering Act.

As a result, the firm can start working as a digital payments technology provider. In a statement, UTRUST also said joining the FSSA would allow it to speed up the onboarding process for both merchants and customers.

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