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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