The approval comes amid a what has been a protracted regulatory process for Copper and several other firms in the UK.
Crypto custody provider Copper announced on Monday that its Swiss unit has gained regulatory approval from the country's Financial Services Standard Association.
The body, known as VQF, is a self-regulatory organization recognized by the Swiss regulator, the Financial Market Supervisory Authority . The approval speaks to Copper's compliance with local anti-money laundering rules. “As Copper expands globally, VQF’s validation underscores our commitment to working with regulators around the world, to standards set in multiple jurisdictions, to become a worldwide leading provider of digital asset custody and infrastructure," Copper's chief legal officer, Carly Nuzbach Lowery, said in a
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