TechFlow news, on February 18, according to Cointelegraph, the European Securities and Markets Authority (ESMA) released a consultation paper seeking public feedback on guidelines for assessing the competence of staff at crypto-asset service providers. These guidelines aim to implement requirements set forth in the Markets in Crypto-Assets Regulation (MiCA).
Under the proposal, personnel must possess professional knowledge of key characteristics of crypto-assets, market operations, blockchain technology, as well as an understanding of the regulatory framework and tax implications. ESMA requires service providers to conduct annual assessments of employee development needs, maintain records of qualifications, and carry out regular evaluations.
The consultation period is open until April 22, with ESMA planning to publish the final guidelines in the third quarter of this year.
