While we understand the need to disclose information on sustainability for crypto-assets, ESMA's sustainability indicators for crypto-assets under MiCAR face feasibility issues due to their unsuitability for the unique decentralized nature of these assets. Existing frameworks like CSRD and SFDR, designed for traditional assets, do not align with the distinct features of crypto-assets. Persisting data scarcity necessitates a grace period for industry readiness. Public-permissionless DLTs obscure node data, creating complications in validating energy sources by country. We emphasize the need for tailored sustainability indicators within a market-based accounting approach for crypto-assets.
