- The IOTA Foundation now provides news on sustainability, energy consumption and regulatory compliance of IOTA projects on its website. The information includes technical assessments and the status of compliance with the MiCA regulations.
- The background is the specific requirements of the EU Markets in Crypto Assets Regulation, which must be implemented by July and provides for detailed disclosure obligations for organizations in the crypto industry.
Die IOTA Foundation provides for the first time a consolidated overview of sustainability indicators that are collected in collaboration with the Crypto Carbon Ratings Institute (CCRI), on whose data the EU bodies involved also rely. The data is based on the MiCA specifications and includes:
- the energy consumption of the network
- the efficiency metrics of the protocol architecture
- the comparison values to computationally intensive blockchain systems
- the documentation of the underlying methodology
The key figures are intended to enable developers and companies to transparently disclose environmental impacts and meet regulatory requirements. The foundation points out that, due to its architecture, the IOTA project has a significantly lower energy requirement than classic blockchains, which is particularly relevant for applications in the industrial and public sectors.
Proof of conformity and technical documentation
In addition, proof of conformity is published. These include in detail:
- Certificates and audit documents
- Technical white papers
- MiCAR-relevant documents for developers, trading venues and service providers
- Documents on the regulatory classification of the technology
The documents are intended to help decision-makers in the market check regulatory requirements and adapt their own processes accordingly. According to the foundation, IOTA is in contact with authorities and political decision-makers to clarify questions about the legal classification of distributed technologies such as DLT.
Industry dialogue
The new IOTA information also describes the technical orientation of the project as well as cooperation with universities and public institutions.
In addition, the IOTA Foundation takes part in consultations and specialist events to explain technical backgrounds and regulatory issues in public dialogue.
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