Tim Zölitz, an analyst at crypto risk assessment agency Crypto Risk Metrics, said that although the European Securities and Markets Authority (ESMA) has clarified, more than 80% of EU crypto asset service providers (CASPS) may still not be aware that according to the MiCA regulation, they need to report ESG data by January 1, 2025. The MiCA regulation requires issuers of asset reference tokens (ARTs) and electronic money tokens (EMTs) to make sustainability disclosures from June 30, 2024, but some crypto companies may have misunderstood the disclosure requirements at the time of the white paper publication. (CoinDesk)