EU Watchdog Wants Crypto Exchanges and Companies Staff to Hit the Books
The European Securities and Markets Authority (ESMA) has unveiled comprehensive guidelines requiring crypto-asset service providers to ensure their staff meet stringent knowledge and competency standards, marking a significant step toward professionalizing the industry under Markets in Crypto-Assets (MiCA) regulation.ESMA Proposes Strict Knowledge Standards for Crypto Service ProvidersThe proposed framework, released today (Monday) in a consultation paper, establishes minimum qualification requirements and mandatory continuous professional development for staff providing crypto-asset advice and information to clients.“ESMA launched a consultation on the criteria for the assessment of knowledge and competence of crypto-asset service providers’ (CASPs) staff giving information or advice on crypto-assets or crypto-asset services,” the regulator commented.Under the proposed rules, staff providing crypto advice must complete at least 20 hours of annual professional development, while those giving information need a minimum of 10 hours. The guidelines also mandate specific qualifications and experience requirements, with advisors needing either a three-year tertiary degree plus one year of supervised experience or alternative combinations of education and practical experience.#ESMA launched a consultation on the criteria for the assessment of knowledge and competence of crypto-asset service providers’ staff giving information or advice on #CryptoAssets or crypto-asset services.

The European Securities and Markets Authority (ESMA) has unveiled comprehensive guidelines requiring crypto-asset service providers to ensure their staff meet stringent knowledge and competency standards, marking a significant step toward professionalizing the industry under Markets in Crypto-Assets (MiCA) regulation.
ESMA Proposes Strict Knowledge Standards for Crypto Service Providers
The proposed framework, released today (Monday) in a consultation paper, establishes minimum qualification requirements and mandatory continuous professional development for staff providing crypto-asset advice and information to clients.
“ESMA launched a consultation on the criteria for the assessment of knowledge and competence of crypto-asset service providers’ (CASPs) staff giving information or advice on crypto-assets or crypto-asset services,” the regulator commented.
Under the proposed rules, staff providing crypto advice must complete at least 20 hours of annual professional development, while those giving information need a minimum of 10 hours. The guidelines also mandate specific qualifications and experience requirements, with advisors needing either a three-year tertiary degree plus one year of supervised experience or alternative combinations of education and practical experience.
#ESMA launched a consultation on the criteria for the assessment of knowledge and competence of crypto-asset service providers’ staff giving information or advice on #CryptoAssets or crypto-asset services.