German Boerse Stuttgart Delivers ESG Data for Cryptocurrencies

IconCryptoNewsTerminal Staff08 Jul, 2024

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German Boerse Stuttgart Delivers ESG Data for Cryptocurrencies

Boerse Stuttgart is now offering ESG data for approximately 30 cryptocurrencies in connection with the European crypto regulation MiCA. Ethereum (ETH) received an AA rating from Boerse, while Solana (SOL) and Cardano (ADA) each received an A rating. The MiCA regulation, which became effective on June 30th, introduces regulations for the issuance of stablecoins in its first phase. In its second phase, which will take effect in six months, it will require cryptocurrency issuers and companies to disclose sustainability data. This move by Boerse Stuttgart is a significant step towards increasing transparency and sustainability in the cryptocurrency market. ESG data can help investors make more informed decisions about the cryptocurrencies they invest in. It can also help companies improve their sustainability practices.

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