regime

Zumo first to launch platform built to meet the tech requirements of the FCA’s new Financial Promotions Regime for Crypto Assets

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Time Stamp: October 6, 2023 7:12 AM - Modified On: October 6, 2023 - Published By:
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Republished By Plato

  The award-winning platform has set a new benchmark in consumer protection and regulatory alignment With some UK operators having to pause activity, Zumo’s financial promotions technical flow is now also available through its B2B API to support unregistered firms with remaining compliant after the 8 October deadline [London/Edinburgh - Friday 29 September 2023] Zumo, the UK-based digital-asset-as-a-service platform, has announced a significant industry milestone as it becomes the first digital asset platform to have integrated tech based requirements of the Financial Conduct Authority’s (FCA’s) new financial promotions regime for

Reasons for Regulation

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Time Stamp: January 5, 2023 3:57 AM - Modified On: January 5, 2023 - Published By:
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Republished By Plato

There are multiple reasons cited for increased regulation in crypto, the most common of which are investor protection, institutional adoption, and safety. While regulations can be seen as a good thing in general for the space they’re by no means a universal panacea. Examining what central banks want regulation to look like gives a clearer indication of who benefits most from them. In December Sir Jon Cunliffe, Deputy Governor of the Bank of England said, “We would need to regulate to ensure that we get the same level of protection,