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.