Partnership Introduces the Disclosure of Carbon Emissions Data for Tokens, Supporting Industry-Wide ESG Efforts and Empowering Informed Decision-Making
YouHodler, a Swiss and EU-based Web3 fintech platform, proudly joins the MiCA Crypto Alliance, an initiative established by the DLT Science Foundation and supported by Exponential Science to advance compliance with the Markets in Crypto-Assets (MiCA) regulation. This partnership underscores YouHodler’s commitment to promoting sustainability, transparency, and standardization within the crypto industry.
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YouHodler will join forces with the Alliance and its members—including L1/L2 protocols and exchanges—to integrate carbon emissions data for all the tokens listed on its exchange, enabling customers to make informed decisions based on environmental impact. This step aligns with MiCA’s emphasis on sustainability indicators and reflects YouHodler’s dedication to environmental responsibility.
“We’re thrilled to join the MiCA Crypto Alliance and contribute to its mission of promoting sustainability, collaboration and compliance within the crypto industry,” said Ilya Volkov, CEO and co-founder of YouHodler. “This partnership and our collaboration with the Alliance’s other members ensure that we’re not just meeting MiCA standards, but also leading the entire industry in setting practical benchmarks for transparency and responsible growth.”
YouHodler has long been advocating for responsible environmental practices in crypto as part of its ESG initiatives. The company’s new sustainability comparison table, developed together with the Alliance, will further empower customers with clear, actionable data on the carbon footprint of their token portfolios.
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Juan Ignacio Ibañez, General Secretary of the MiCA Crypto Alliance, expressed enthusiasm about the collaboration: “YouHodler’s membership amplifies the MiCA Crypto Alliance’s mission to drive clarity, fairness, and sustainability throughout the crypto industry. As facilitators and coordinators between CASPs and exchanges on one side, and crypto projects on another, we’re leading all parties in publishing MiCA-compliant whitepapers with our ESG data, which is the largest database currently out in the industry. We’re excited to join forces to set new benchmarks in responsible industry practices.”
A milestone in the EU’s regulatory landscape, the MiCA framework protects consumers and investors with comprehensive requirements for crypto asset providers. However, its current version still lacks uniformity in areas such as sustainability reporting. The Alliance aims to address this challenge by fostering collaboration among its members to streamline compliance, reduce costs, and maintain high industry standards.
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Source – PR Newswire
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