EddieJayonCrypto
18 Feb 25
The European Securities and Markets Authority (ESMA) has launched a public consultation on guidelines to assess the knowledge and competence of professionals providing crypto-asset services under the Markets in Crypto-Assets Regulation (MiCA). The consultation aims to standardize qualifications and ...
The European Securities and Markets Authority (ESMA) has initiated a public consultation to define the standards for professionals offering crypto-asset services under the Markets in Crypto-Assets Regulation (MiCA). This move aims to establish uniform qualifications and experience prerequisites for individuals advising on or informing clients about digital assets. The proposed guidelines outline specific criteria for professional qualifications, work experience, and continuous education for staff employed by crypto-asset service providers (CASPs). ESMA has emphasized the need for advisors to possess a tertiary education degree or equivalent, undergo at least 160 hours of professional training, and have a minimum of one year of relevant experience. Furthermore, the consultation addresses the necessity of ongoing training and assessment exams for professionals, aligning with the unique risks associated with blockchain-based assets. As the MiCA regulation comes into effect, ESMA seeks feedback on these proposed standards from market participants, with a finalization deadline in the third quarter of 2025.