Industry Insider: Many EU Crypto Entities May Not Know the Correct Deadline for Sustainability Disclosures under MiCA
The EU's regulatory framework for cryptocurrency assets, known as the Markets in Crypto-Assets Regulation (MiCA), will become law in 2023. MiCA sets licensing requirements for cryptocurrency issuers and service providers (including exchange platforms), with stablecoin rules taking effect in June. However, Rowan Varrall, Deputy Director of the DTI Foundation, explained that asset reference tokens (ART) and electronic money tokens (EMT) issuers must make sustainability disclosures from June 30, 2024, and crypto asset service providers must begin developing disclosure requirements by the end of the year. Part of the rules is reporting requirements for ESG data. Despite specific clarifications by regulatory authorities, confusion over the correct deadline may just be a matter of interpreting the issue.
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