ESMA has released a PoC to demonstrate the proposed format requirements for crypto-asset white papers under MiCA. This PoC is designed to help market participants understand the application of Inline XBRL, a specific format for presenting crypto-asset white papers, as required by one ITS as part of the second consultation package regarding MiCA (eventid=23294).
The PoC includes three main components: a draft taxonomy covering a section of a crypto-asset white paper, an xHTML file containing XBRL tags to illustrate how a section of a crypto-asset white paper would appear in Inline XBRL, and an Excel converter that enables the creation of an Inline XBRL file without the need for complex software tools. This converter allows for content customization.
Stakeholders are encouraged to download the Excel converter and test its functionality, including the customization of content. This can generate a new xHTML document reflecting the edited content.