Crypto Entities May Have Misinterpreted MiCA's Sustainability Disclosure Deadline, Says Crypto Risk Metrics
According to Crypto Risk Metrics, many crypto asset service providers (CASPs) in the European Union (EU) may have misunderstood the deadline for making sustainability disclosures under the Markets in Crypto Assets regulation (MiCA), despite a clarification from the European Securities and Markets Authority (ESMA). The confusion may stem from a misinterpretation of the wording in the adopted MiCA regulation text, which was later clarified in a consultation paper. CASPs are required to start making disclosure requirements by the end of the year, and issuers of asset-referenced tokens (ARTs) and electronic money tokens (EMTs) are required to make sustainability disclosures from June 30, 2024. Crypto's environmental impact, particularly through mining operations, has been a major concern surrounding the industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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