The European Securities and Markets Authority (ESMA) has published an exposure draft for public comment on guidelines for the assessment of staff competencies of crypto asset service providers. The guidelines aim to implement the requirements of the Crypto Asset Market Regulation Act (MiCA).
According to the proposal, practitioners need to have expertise in key characteristics of cryptoassets, market operations, blockchain technology, and understand the regulatory framework and tax implications. ESMA requires service providers to conduct annual feature reviews of employees, maintain qualification records, and regularly assess employees.
The exposure draft is open for comment until April 22, and ESMA plans to issue final guidance in the third quarter of this year.
European Regulator Proposes MiCA Guidelines on Cryptocurrency Staff Competence
2025-02-18 03:22:56
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