What the Ziglu Failure Taught Us About Crypto Payroll and Payments
Ziglu’s recent fall from grace has left many of us scratching our heads. This startup was supposed to be a beacon of hope in the high-yield crypto product sector, but it’s now a cautionary tale for others. The FCA swooped in, and just like that, thousands of users had their funds frozen. If there’s one thing this has taught us, it’s that the crypto world is a tricky one to navigate.
Regulatory Challenges
First off, the FCA’s actions were no joke. They’ve been tightening the screws on crypto firms, and Ziglu was no exception. Their license was revoked, and the suspension of withdrawals was a harsh wake-up call. As we see more of this happening, it’s clear that startups need to build solid compliance teams. Crypto-friendly…
