EU advances crypto regulation with second MiCA consultation paper
Europe takes the next step
The sustainability indicators proposed by the authority encompass both quantitative metrics and qualitative assessments. They address critical environmental concerns related to blockchain network nodes, such as energy consumption, greenhouse gas emissions, and waste production.
Regarding post-trade transparency, the ESMA outlines requirements for CASPs to report various essential details, including trading and publication timestamps, crypto-asset identification, pricing information, transaction quantity, execution venue, and transaction ID. This comprehensive reporting framework aims to enhance market transparency and investor protection within the crypto sphere.
