Ziglu Special Administration Begins Amid Crypto Market Challenges
Ziglu Limited (Ziglu) is authorised by the FCA to issue electronic money (e-money) and provide payment services.
Ziglu also offers its customers cryptoasset products, including a lending product. These activities are not regulated by the FCA, although the FCA oversees compliance with anti-money laundering regulations.
On 23 May 2025, the FCA took action to protect consumers, by placing restrictions on Ziglu in relation to particular products. On 17 June, Ziglu agreed to stop carrying out both payments and cryptoasset activities while allowing customers to withdraw funds.
Read the restrictions on our Financial Services Register.
The FCA’s actions provided significant protections for customer money and other assets the firm held. Ziglu…
