Arf, the worldwide settlement banking platform for licensed cash service companies, pronounces that it has been granted the approval of the Monetary Providers Normal Affiliation (VQF) by means of Arf’s entity in Zug, Switzerland.
Arf’s VQF membership assures its compliance with the Swiss Anti-Cash Laundering and Countering the Financing of Terrorism (AML/CFT) acts, offering world regulatory acknowledgment of its reliability and underlining its place because the empowering accomplice of licensed cash service companies (MSBs) worldwide.
VQF is without doubt one of the world’s oldest and most selective cross-industry Self-Regulatory Organizations (SRO) and is formally approved by the Federal Monetary Market Supervisory Authority (FINMA). It’s acknowledged as Switzerland’s monetary companies watchdog, supervising its members with regard to AML and CTF rules.
CEO Ali Erhat Nalbant mentioned: “We’re thrilled to have acquired the VQF license approving our sturdy place within the world finance ecosystem. As we’re scaling our enterprise globally, the assist of Swiss regulators allows us to offer our Web3 cross-border treasury administration and dealing capital credit score traces to a wider vary of MSBs in want. This manner, we’ll be elevating the ecosystem collectively extra successfully.”
Rajpal Khangura, Chief Compliance Officer, commented: “As one of many world’s oldest and most selective cross-industry SROs, VQF’s approval affirms our dedication to utilizing blockchain expertise and digital property in full compliance with regulatory necessities everywhere in the world. We’re honored to grow to be a member.”
With the regulatory stamp of approval from Switzerland, Arf will proceed increasing its merchandise and options according to its place because the trusted accomplice of licensed MSBs and monetary establishments.
Arf lately launched Arf Credit score Line to offer MSBs prompt entry to transactional working capital credit score traces, permitting any hall to be post-funded in real-time. By leveraging stablecoins and permitting prompt settlements throughout a number of channels, together with financial institution accounts, e-wallets, and money pickup factors, the corporate allows MSBs to construct API-based cross-border monetary operations and treasury administration. Arf was additionally listed in Sifted’s “13 European Web3 Startups to Watch” checklist this yr, which drew from the insights of traders throughout Europe.