This Regulation establishes technical standards for the public disclosure of inside information related to crypto-assets and the procedures for delaying such disclosure. It sets detailed requirements for issuers, offerors, and persons seeking admission to trading of crypto-assets to ensure transparent and efficient information dissemination across the European Union. The act implements provisions of the EU Markets in Crypto-assets Regulation (MiCAR).The Regulation consists of four articles covering: technical means for public disclosure of inside information (Article 1), requirements for posting information on websites (Article 2), procedures for notification of delayed disclosure (Article 3), and entry into force provisions (Article 4). Compared to previous regulations, this act introduces new specific requirements for crypto-asset information disclosure using modern communication channels, including social media and web-based platforms.Key provisions include:
- Information must be disseminated simultaneously throughout the EU, free of charge, and on a non-discriminatory basis
- Inside information should be published through various media channels, including traditional media, social media, and web-based platforms
- Websites must have dedicated sections for inside information, with chronological listing and downloadable content
- Information should be available in the language of the crypto-asset white paper and preferably in a language customary in international finance
- Detailed requirements for recording and notifying delays in information disclosure, including specific documentation of decision-making processes
- Technical requirements for maintaining confidentiality and integrity of information during dissemination
