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 is implementing Regulation (EU) 2023/1114 on markets in crypto-assets.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 to as wide a public as possible, free of charge, and simultaneously throughout the EU
- Inside information should be communicated through traditional media, social media, or web-based platforms that are reasonably relied upon by the public
- Websites must provide easily accessible, downloadable information in chronological order, with push notification capabilities
- Detailed requirements for recording and notifying delays in information disclosure, including specific documentation of decision-making processes
- Information must be provided in the language of the crypto-asset white paper and, where feasible, in a language customary in international finance
