Alchemy Pay, a prominent crypto payment platform, has witnessed a remarkable achievement. As per Alchemy Pay, the Switzerland-based Association for Quality Assurance of Financial Services (VQF) has officially recognized the company as a Self-Regulatory organization within the jurisdiction. The platform took to its official social media channel to reveal this development.
Switzerland’s VQF Allows Alchemy Pay to Operate as Self-Regulatory Organization
Alchemy Pay considers it a crucial development to operate as a Self-Regulatory organization in Switzerland. The country’s Association for Quality Assurance has formally recognized Alchemy Pay to carry out its operations within the region. With this development, the company intends to provide compliant and secure crypto-to-fiat and fiat-to-crypto exchange services. Specifically, it will focus on offering payment solutions concerning stablecoins within the Swiss market. This will further elevate Alchemy Pay’s position as a reliable crypto payments platform.
Now that the platform is recognized as an SRO under the Switzerland-based Financial Market Supervisory Authority. Hence, it will maintain high standards for its participants in the case of financial services within Switzerland. As included in the collaboration between Alchemy Pay and VQF, the platform will ensure transparent and secure operations. Under the swiftly advancing crypto and stablecoin market of Switzerland, Alchemy Pay will get a groundbreaking opportunity to grow further. The regulatory framework of the country delivers a robust basis for the platform to broaden stablecoin payment mechanism.
Ailona Tsik, Alchemy Pay’s CMO, expressed enthusiasm about this collaboration. The executive considers this move to be a noteworthy step in offering stablecoin payments in a completely compliant way in Switzerland. As per the executive, the platform endeavors to provide dependable services to the expanding crypto community in Switzerland. Its former successful developments, such as entry to Korea, Australia, UK, and US, highlight its capability to deal with complicated regulatory environments.
Delivering Compliant Stablecoin Payments to Businesses and Individuals within Switzerland
According to Alchemy Pay, as a VQF-recognized platform, it is poised to offer full compliance with Markets in Crypto-Assets Regulation and the rest of unique frameworks. This demonstrates the platform’s commitment to delivering compliant and secure services to businesses and users in Switzerland. Moreover, it has already gained notable regulatory landmarks in several jurisdictions, such as 8 money transmitter certifications across 8 U.S. states.
