Zumo has become the first digital asset platform to implement the technology requirements outlined in the Financial Conduct Authority’s (FCA) new financial promotions regime for cryptoasset firms.
The FCA’s regulations will come into effect on October 8th of this year, introducing enhanced consumer protection measures designed to boost consumer confidence and security in a volatile market. This development comes as significant players like Chase UK have paused their UK operations.
Nick Jones, CEO of Zumo, stated, “The rigorous adherence to regulatory frameworks is not just about compliance but is a testament to our commitment to being a trusted and sustainable partner for digital assets, ensuring the safety and integrity of the digital asset industry.”