The FCA’s requirements are set to take effect from the 8th of October this year, and mandates enhanced consumer protection measures ensuring consumer confidence and security amidst a volatile backdrop where major players have paused their UK operations such as Chase UK.

Nick Jones Zumo CEO said: “The rigorous adherence to regulatory frameworks is not just about compliance but is a testament to our commitment to be the trusted and sustainable partner for digital assets, ensuring the safety and the integrity of the digital asset industry.”