Digital-asset-as-a-service platform Zumo has become the first to integrate the Financial Conduct Authority’s (FCA) new tech-based requirements for cryptoasset firms.
In brief:
-The new cryptoasset financial promotions regime is set to take effect from 8 October 2023.
-Zumo’s financial promotions technical flow design has been approved by the FCA and has now been implemented.
-The new regulation mandated enhanced consumer protection methods, providing consumers with more confidence and security.
What does this mean?
“The rigorous adherence to regulatory frameworks is not just about compliance but is a testament to our commitment to being the trusted and sustainable partner for digital assets, ensuring the safety and the integrity of the digital asset industry,” Zumo CEO Nick Jones said.
