Safello enters into agreement with Zumo for sustainability disclosures under MiCA

Stockholm, 13 March | Safello, the leading cryptocurrency exchange in the Nordics, has entered into an agreement with Zumo, a B2B digital assets platform, to facilitate sustainability disclosure requirements under MiCA.

Through this collaboration, Safello will leverage Zumo's expertise in carbon calculations and crypto sustainability impact to ensure accurate and transparent sustainability disclosures.

This initiative accommodates the requirements in the European Union's (EU's) Markets in Crypto-Assets (MiCA) regulation, which through Article 66 mandates crypto asset service providers (CASPs) active in the EU to display sustainability disclosures on their websites on the environmental impact of the digital assets in relation to which the CASPs offer services.

"Compliance is at the core of our business. Partnering with Zumo is one of the steps we are taking to meet MiCA's sustainability disclosure requirements and ensure we provide accurate data to our customers," says Tara Abid, Chief Compliance Officer at Safello.

"Safello is a market leader in the Nordics so we're delighted the team has chosen to partner with Zumo to help meet new regulatory requirements," adds Nick Jones, founder and CEO, Zumo.

As part of the agreement, Safello will now explore Zumo's Oxygen solution suite, reinforcing its commitment to both regulatory adherence and sustainability within the crypto industry.

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For more information, please contact
David Leeb, press@safello.com

Certified Adviser
Amudova AB is Safello's certified adviser.

Safello is the leading cryptocurrency exchange in the Nordics, with over 400,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure and easy solution for buying, selling, storing, as well as depositing and withdrawing cryptocurrencies directly from the blockchain - ensuring seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.

Zumo is an award-winning crypto-as-a-service platform. It provides banks, fintechs and other businesses with the infrastructure they need to launch sustainable digital asset solutions. The company's purpose is to help build a financial future that creates new opportunities whilst leaving a positive impact on the planet. To achieve this, Zumo is creating easy-to-use financial tools that businesses can embed seamlessly via APIs, so that digital assets are adopted by the mainstream market and used in total peace of mind, every day. Find out more at: https://zumo.tech.

For more information, please contact
James Tall, james@zumo.tech