The European Securities and Markets Authority (ESMA) released a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on Oct. 5. The 307-page document seeks stakeholders’ input on five areas of MiCA, including sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for white papers, trade transparency measures and record-keeping for crypto-asset service providers (CASPs). The ESMA proposes requiring CASPs to report trading and publication date and time, identification of the crypto-asset, pricing information, quantity, venue of execution and transaction ID. The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 30 2024. However, before that, it will also publish a third consultation package in Q1 2024. The ESMA released the previous consultation paper in July. In it, the ESMA proposed to require the crypto companies, who would be registered under MiCA, to still provide additional information in the form of notifications to the national competent authorities (NCAs) of the country they would be registered in.

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Information	Details
Geography	Europe
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	European Commission, European Banking Authority, None, European Union, European Securities and Markets Authority (ESMA)
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