Safello partners with Zumo
13 March 2025 Nordics
Image: Chidori_B/stock.adobe.com
Safello, a cryptocurrency exchange in the Nordics, has partnered with Zumo to comply with sustainability disclosures under MiCAR.
The collaboration will see Safello using Zumo's expertise in carbon calculations and crypto sustainability impact reports to ensure transparency and accuracy within the firm’s sustainability disclosures.
This follows the Swedish Financial Supervisory Authority's (FSA’s) stipulation which allows crypto-asset service providers (CASPs) a nine-month transition period to obtain their MiCAR license, after it was brought into force in December 2024.
Tara Abdi, chief compliance officer at Safello, comments: "Compliance is at the core of our business. Partnering with Zumo is one of the steps we are taking to meet MiCAR’s sustainability disclosure requirements and ensure we provide accurate data to our customers.”
"We’re committed to supporting CASPs at every stage of their sustainability journey, and complying to the MiCAR sustainability requirements is a critical first step," adds Nick Jones, founder and CEO of Zumo.
As part of the agreement, Safello will also explore Zumo's Oxygen solution in a bid to reinforce the company’s commitment to sustainability within the crypto industry.
The collaboration will see Safello using Zumo's expertise in carbon calculations and crypto sustainability impact reports to ensure transparency and accuracy within the firm’s sustainability disclosures.
This follows the Swedish Financial Supervisory Authority's (FSA’s) stipulation which allows crypto-asset service providers (CASPs) a nine-month transition period to obtain their MiCAR license, after it was brought into force in December 2024.
Tara Abdi, chief compliance officer at Safello, comments: "Compliance is at the core of our business. Partnering with Zumo is one of the steps we are taking to meet MiCAR’s sustainability disclosure requirements and ensure we provide accurate data to our customers.”
"We’re committed to supporting CASPs at every stage of their sustainability journey, and complying to the MiCAR sustainability requirements is a critical first step," adds Nick Jones, founder and CEO of Zumo.
As part of the agreement, Safello will also explore Zumo's Oxygen solution in a bid to reinforce the company’s commitment to sustainability within the crypto industry.
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