Swedish cryptocurrency exchange Safello has entered into an agreement with Zumo, a digital assets platform, to comply with sustainability disclosure requirements under the EU’s Markets in Crypto-Assets (MiCA) regulation. Under Article 66 of MiCA, crypto asset service providers (CASPs) operating in the EU must disclose the environmental impact of the digital assets they offer services for.
To meet these obligations, Safello will use Zumo’s tools for carbon calculations and sustainability reporting. A press release states that the partnership reflects the increasing pressure on crypto firms to provide transparent environmental data as MiCA regulations take effect.
“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 Abdi, Chief Compliance Officer at Safello.
Regulatory compliance
Zumo, which provides sustainability solutions for digital assets, is expanding its role in helping firms meet regulatory standards. The agreement highlights the growing need for compliance-driven partnerships as crypto businesses adjust to new reporting requirements.
As part of the collaboration, Safello will assess Zumo’s Oxygen solution suite, a tool designed for tracking crypto-related carbon emissions.
