Markets in Crypto-Assets Regulation (MiCA)
Produce fully compliant ESMA MiCA white papers – accurately, efficiently, and on time.
Markets in Crypto-Assets Regulation (MiCA)
Produce fully compliant ESMA MiCA white papers – accurately, efficiently, and on time.
MiCA and ESMA: An Overview
The Markets in Crypto-Assets Regulation (MiCA) was enforced under ESMA (European Securities and Markets Authority) in June, 2023 and is a regulation which involves crypto assets that are currently not regulated by existing financial services legislation.
Who Is This Meant For?
Under this regulation, the European Securities and Markets Authority (ESMA) supervises:
- Crypto-asset issuers (excluding ARTs (Asset-Referenced Tokens)/EMTs (Electronic Money Tokens)
- Crypto-Asset Service Providers (CASPs)– exchanges, custodians, brokers, trading platforms
- Platforms seeking approval for public offering/admission to trading
These organisations must produce MiCA-compliant crypto-asset white papers in XHTML/iXBRL format using the ESMA MiCA taxonomy. These filings must be accurate, machine-readable and submitted to national regulators before public offers or admissions to trading.
How We Can Help?
Our state-of-the-art, secure cloud-based solution, DataTracks Rainbow, helps you quickly generate fully ESMA-compliant XHTML/iXBRL documents mapped to the latest MiCA taxonomy.
Key Features
Built-In MiCA Taxonomy Intelligence
DataTracks Rainbow automatically loads ESMA’s latest taxonomy and applies the correct tags to the required disclosures, including:
- Project details
- Rights and obligations
- Token economics
- Risk factors
- Governance & technology descriptions
Regulatory-Grade Validation
DataTracks Rainbow performs more than 1,000+ validation checks to ensure:
- Proper tagging
- Taxonomy compliance
- Consistent structuring
- ESMA filing integrity
Collaborative Review & Redlining
Legal, compliance, and product teams can work together inside the platform - track changes, add comments, and provide approvals in real time.
Rich Design PDFs and Multiple Language support
Get high quality rich design PDF outputs that are supported in multiple languages according to your jurisdiction.
DataTracks Rainbow Delivers Value From Day One
- Helps reduce manual effort by 60–80%
- Eliminate formatting errors and tagging gaps
- Ensure you stay compliant as ESMA updates technical standards
- Scale effortlessly as your crypto-asset offering expands
DataTracks Rainbow ensures your MiCA white paper is compliant, complete, and ready for regulatory review.
If you’d like to know more about how we can help you stay compliant with MiCA, reach out to us here and if you’d like a demo of DataTracks Rainbow, click here.
Featured Content
What is ESEF Reporting?
ESEF stands for European Single Electronic Format. It is a new reporting format for public companies in the European Union that requires them to publish their annual financial reports in a single, electronic format. ESEF is designed to improve the transparency and comparability of financial reporting across the EU.
Which companies need to comply with the ESEF tagging mandate?
What are the requirements for preparing an ESEF iXBRL report?
ESEF iXBRL reports must be prepared in XHTML format, with IFRS consolidated financial statements tagged using XBRL. The XBRL tags must be embedded in the XHTML document using Inline XBRL technology.
Who is affected by the ESEF reporting requirement?
The ESEF Reporting Requirements affect all issuers whose securities are admitted to trading on regulated markets within the European Union (EU), as well as all issuers who are required to prepare consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), unless they are small and micro enterprises (SMEs) and their securities are not admitted to trading on a regulated market.
What does the ESEF regulation mean for auditors and supervisory boards?
The ESEF regulation focuses on publishing annual financial reports, with compliance extending beyond converting audited data into electronic format. The ESEF-RefE emphasizes third-party verification of accuracy. Although the EU Commission handles the audit, auditors and supervisory boards play a crucial role in confirming tag accuracy. At DataTracks, we assist auditors for precise ESEF reporting, enhancing overall financial disclosure quality.
