Crypto-Focused

Aximetria, which offers a financial financial program for both Fiat and Cryptographers, is licensed by the Swiss Financial Services Standards Association (VQF).

The company told CoinDesk Monday that the license approved by Swiss Financial Markets (FINMA) will enable it to finally determine that its product is “fully compatible” with Swiss money laundering laws.

It also means that Aximetria can now start cryptographic brokerage as a Swiss money laundering law.

VQF is a self-regulating organization responsible for money laundering and Swiss financial intermediaries for preventing terror funding.

Aximetry’s founder and executive director Alexei Ermakov says:

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“The most popular regulatory standard for European and British companies is the EMI license issuing electronic money, but Swiss license is more favorable for the company, because it includes the encryption rules in Switzerland and gives us a wide range of future business development, including loans, currency Tariffs, electron Leverage accounts and payroll projects. ”

“Crypto-Friendly TransferWise” program that allows exchange and international payments with US dollars, euros and cryptocracy, and in some jurisdictions fraudulent debit card. Companies claim that clients should have a “close” remote ID – User (KYC) process before they can buy or sell currency.

The financial brokerage license means that Aximetria should also comply with a number of rules and guidelines, including audit, AML compliance, boarding, KYC and KYB processes that are closely controlled by the regulatory authority. However, it also raises the prospect of obtaining license.

“We started with the exercise model, then we got to know all the possibilities of using a bank certificate.” In the end we found a business model that perfectly corresponded to the requirements of the project: protection of AML requirements, potential remote access to the world and other benefits, “Ermakov said.

Aximetria says it will seek to provide Swiss financial services in Europe, Africa, Asia and Latin America, including traditional banks. The Portuguese and Spanish versions of its use have recently begun to increase its user base in Brazil and Latin America.

The company added that it believes that the regulatory obligation is essential for the permanent development and timing of the digital credit criteria financial market.