Digital asset as a service firm Zumo reports that it now adheres to the new Financial Conduct Authority (FCA) requirements when promoting digital assets or crypto. Zumo says it is the first platform to adhere to the new rules.
Zumo says that some platforms have paused operations as they make adjustments to comply with the FCA rules. Zumo’s service is available before the October 8th deadline to comply.
Nick Jones, CEO of Zumo, says adherence to regulatory frameworks is not just about compliance but about their commitment to being a sustainable and trusted partner for digital assets and the crypto industry.
“We didn’t just beat the deadline; we are striving to set the standard for others in the industry,” said Michael Johnson, Head of Compliance, Zumo. “Our early compliance demonstrates not just our technical and ethical rigour but underscores our commitment to leading the industry in transparency, innovation and consumer protection.”
Zumo is an enterprise-focused digital-asset-as-a-service platform that offers an API-based infrastructure for Fintechs, banks, asset managers, and more.