EU Watchdog to Assess Knowledge of its Crypto Staff

The European Securities and Markets Authority (ESMA) has introduced comprehensive guidelines that mandate crypto-asset service providers to ensure their staff meet rigorous knowledge and competency standards.

This initiative represents a significant effort to professionalize the industry under the Markets in Crypto-Assets (MiCA) regulation.

The new framework, detailed in a consultation paper released today (Monday), sets minimum qualification requirements and mandates ongoing professional development for staff who offer advice and information on crypto-assets to clients.

According to the proposed guidelines, staff providing crypto advice are required to complete at least 20 hours of annual professional development, while those providing information must fulfill a minimum of 10 hours.