European Union: Opened consultation by ESMA on crypto market rules under the Markets in Crypto-Assets Regulation (MiCA)

On 5 October 2023, the European Securities and Markets Authority (ESMA) opened a consultation on crypto market rules under the Markets in Crypto-Assets Regulation (MiCA) until 14 December 2023. In particular, ESMA is consulting on rules regarding sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for white papers, trade transparency measures, and record-keeping and business continuity requirements for crypto-asset service providers. ESMA will publish a final report based on the results of the consultation and will submit to the European Commission the draft technical standards by 30 June 2024.