MiCA sustainability requirements: don’t get caught off guard
Effortlessly meet MiCA sustainability requirements and shield your business from costly fines this December.
Context
Who needs to act?
What is the risk of non-compliance?
Binding 30 December 2024 compliance deadline
Administrative fines of at least €5 million euros or 5% of total annual turnover for non-compliance
CASP responsibility to source sustainability data in absence of asset white paper
Easily access the data you need to comply
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Expertise you can rely on
Access to industry-leading cryptoassaet sustainability data in partnership with CCRI
Experienced team of environmental and cryptoasset specialists
Leader in digital asset technologies and digital asset sustainability
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MiCA sustainability guide
In our MiCA sustainability disclosures guide, we cover who is caught by the new requirements, what the disclosures entail, and how they need to be addressed by market participants.
You can find more information on our insight section or read the full guide here
Frequently Asked Questions
Why should I care about MiCA sustainability compliance?
Website disclosure of sustainability-related indicators for serviced cryptoassets is an all CASP requirement, as detailed in MiCA Article 66. An Article 66 infringement by a legal person carries a potential maximum administrative fine of at least €5 million euros, 5% of total annual turnover, or twice the amount of profits gained/losses avoided.
How do I know if I am caught in MiCA CASP sustainability indicator requirements?
As a general note, MiCA sustainability requirements are quite broad and apply not only to crypto-native service providers, but also to any qualifying cryptoasset service provider that offers MiCA qualifying products and services relating to MiCA qualifying cryptoassets. This may include a wide range of financial services providers who supply cryptoasset-related services as defined in MiCA Art. 3 (1) (16), including custody, order execution on behalf of clients, transmission of orders, advice on crypto-assets, transfer services and portfolio management. Equally, the provision may apply to businesses even where they are not obliged to seek a separate MiCA authorisation.
What are the MiCA sustainability requirements and how should they be addressed?
Specific CASP MiCA sustainability requirements depend on the nature of the cryptoasset service being provided as well as the energy consumption of cryptoassets offered. Start by reading our MiCA sustainability overview guide. CASPs must comply with their website disclosure requirements from 30 December 2024.
Why should I choose Zumo to help me comply with my MiCA sustainability requirements?
Zumo is an award-winning crypto-as-a-service platform that has not only pioneered the cryptoasset sustainability conversation, but also brings a practical appreciation of what it means to operate a compliant cryptoasset business. As a provider of broad-based cryptoasset solutions to businesses, we offer a track record of implementing technology solutions for new compliance requirements, and therefore a blend of cryptoasset industry and sustainability expertise. Through our wider Oxygen solution, we also offer the opportunity for providers to take seamless action beyond disclosures requirements, and deploy innovative cryptoasset sustainability solutions as a differentiating factor for their business.
Resources
Our team of experts are here to help you navigate your MiCA sustainability disclosure requirements with confidence.