Why Modern MiCA White Papers Must Go Beyond Webpages: A New Standard for Transparency

This report by the MiCA Crypto Alliance explores how current iXBRL-based disclosures under MiCA often meet technical requirements but fall short on transparency and usability. It highlights the limitations of webpage-based implementations, where structured data remains hidden, and presents MCA’s approach of combining a PDF-styled XHTML format with an integrated iXBRL viewer to unify human- and machine-readable data in a single, inspectable source. By enabling users to directly validate and interact with disclosures, and aligning with global standards such as those set by the U.S. Securities and Exchange Commission, the report highlights a shift from basic compliance toward fully transparent, verifiable, and user-centric reporting.