TechFlow news, according to CoinDesk, on June 26, Tim ZölitZ, Chief Risk Officer at Crypto Risk Metrics, said that despite clear guidance from the European Securities and Markets Authority (ESMA), many crypto-asset service providers (CASPs) in the EU may have misunderstood the deadline for sustainability disclosures under MiCA.
The survey found that over 80% of CASPs are still unaware that they are required to report environmental, social, and governance (ESG)-related data starting January 1, 2025. MiCA mandates that issuers of asset-referenced tokens and electronic money tokens must conduct sustainability disclosures beginning June 30, 2024, while CASPs need to start complying with disclosure requirements by the end of this year.
ZölitZ explained that although the regulation requires disclosure of environmental impacts in white papers, ESMA's consultation paper clearly states that crypto entities must make this information available prominently on their websites.
