#Sweden #Stockholm #MiCAR #Safello #Zumo

Safello and Zumo Join Forces for a Sustainable Crypto Future in Sweden

In a significant move for the cryptocurrency sector, Safello, a preeminent exchange operating within the Nordic countries, has announced a pivotal partnership with Zumo, a B2B digital assets platform. This collaboration aims to establish robust practices for sustainability disclosures, adhering to the European Union's Markets in Crypto-Assets Regulation (MiCAR).

The Comprehensive Agreement

On March 14, 2025, it was revealed that through this partnership, Safello intends to utilize Zumo's sophisticated technology and experience in carbon impact assessments. This strategic alignment will facilitate accurate sustainability disclosures, meeting the anticipated requirements under MiCAR. Notably, Article 66 of this regulation necessitates that crypto asset service providers (CASPs) operating in the EU must present their environmental impact transparently.

To comply with MiCAR regulations, the Swedish Financial Supervisory Authority (FSA) has allotted a nine-month transition phase. During this period, current CASP registrations are permitted to remain valid, provided they secure their MiCA license by September 30, 2025. Consequently, this partnership reflects Safello's commitment to regulatory compliance, as stated by Tara Abdi, Chief Compliance Officer at Safello, who emphasized, "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."

Zumo's Role in the Collaboration

From Zumo's side, the company is excited about the partnership and the potential it holds for creating a more sustainable crypto ecosystem. Nick Jones, Founder and CEO of Zumo, commented, "Safello has a strong market presence in the Nordics, and we're thrilled they chose to collaborate with us to meet regulatory expectations. Our Oxygen product provides the means for CASPs to align their activities with net-zero principles, reinforcing sustainable practices." Zumo's initiatives aim to empower CASPs throughout their sustainability journeys, presenting an actionable framework for integrating eco-friendly measures into their operations.

Exploring Sustainable Solutions

As part of this collaboration, Safello will also delve into Zumo's Oxygen solution suite. This exploration further underscores Safello's dedication not only to fulfilling regulation but also to championing sustainability within the crypto industry. Zumo's tools are designed to help businesses adopt and implement sustainable practices effectively, thus contributing to a broader goal of a compliant and transparent digital asset sector.

Safello's Commitment to the Crypto Community

Established as a cornerstone of the Nordics' cryptocurrency market, Safello boasts a vast user base of over 400,000 individuals. The platform is dedicated to fostering financial independence by broadening access to cryptocurrency, providing a secure interface for transactions throughout the blockchain. Since its registration as a financial institution in 2013, Safello has consistently demonstrated a commitment to adhering to regulatory expectations while providing innovative solutions for its users.

The Importance of Sustainability in Crypto

As the crypto landscape evolves, the pressing need for sustainable practices grows more pronounced. With environmental concerns becoming paramount, initiatives like the one between Safello and Zumo are critical. By spearheading efforts to incorporate sustainability into crypto operations, these companies set a precedent for others in the sector, indicating a shift towards more responsible industry practices.

The partnership between Safello and Zumo is not just a compliance-driven strategy; it's a proactive step towards redefining standards in the cryptocurrency industry, ensuring that future developments prioritize sustainability alongside innovation.

For more details, visit www.safello.com and Zumo.tech.