tl;dr
Crypto Risk Metrics has stated that many crypto asset service providers in the European Union may have misunderstood the deadline for making sustainability disclosures, despite a clarification from the European Securities and Markets Authority (ESMA). The confusion may stem from the interpretation o...
Crypto Risk Metrics has highlighted that many crypto asset service providers in the European Union may have misunderstood the deadline for making sustainability disclosures, despite a clarification from the European Securities and Markets Authority (ESMA). The confusion may stem from the interpretation of the requirements under the Markets in Crypto Assets regulation (MiCA).
ESMA clarified that the disclosure of environmental, social, and governance-related data (ESG-data) is required, regardless of whether the information can be obtained from white papers. This lack of clarity could impact the industry's environmental footprint, particularly concerning mining operations. The deadline for making sustainability disclosures for certain crypto asset service providers is by the end of 2024, and the confusion may be attributed to a misinterpretation of the regulation's wording.
Crypto Risk Metrics expressed concerns that over 80% of crypto asset service providers in the EU may not be aware of the need to report ESG-data from January 1st, 2025. To address this issue, Crypto Risk Metrics has partnered with The Digital Token Identifier (DTI) Foundation to collaborate on displaying ESG-related data.
The Markets in Crypto Assets regulation (MiCA) became law in 2023, introducing licensing requirements for crypto issuers and service providers, including exchange platforms. Reporting requirements for ESG-data are part of the regulation, with certain deadlines for different types of crypto asset service providers.
The confusion around the correct deadline for sustainability disclosures may be a matter of interpretation, despite specific clarifications by the regulator. ESMA emphasized that crypto entities are required to make ESG-data information available on their websites for all crypto-assets in relation to which they provide services, regardless of whether the information can be obtained from white papers.
The potential impact of this confusion on the environmental footprint of the crypto industry, particularly through mining operations, has raised concerns about broader adoption and involvement of institutional investors. ESMA has not yet provided further comments on this matter.
For more information on how EU nations are preparing to enforce MiCA, visit CoinDesk.
More about ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Industry: Technology
Sector: General
Support Levels: None
Resistance Levels: None
Bullish Trend: 0
Bearish Trend: 0
RSI: 0
Moving Averages: None
Breakouts: 0
Head and Shoulders Pattern: 0
Bollinger Bands: 0
More about Rush Street Interactive Inc
Rush Street Interactive Inc Summary
Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS
Sub-Sector: AMUSEMENT & RECREATION
Market Cap: 2095337000
Dividend Yield: None
EPS: None
P/E Ratio: -0.17
Price/Earnings to Growth Ratio: 10.48
Price/Book Ratio: -0.0158
Volume: 746228000
Stock Price: 10.03
Dividend: 0
Yield: 0.888