The European Securities and Markets Authority (ESMA) has launched a consultation on proposed guidelines setting criteria to assess the knowledge and competence of crypto-asset service providers’ (CASPs) staff who provide information or advice on crypto-assets or crypto-asset services. The consultation covers minimum knowledge and competence requirements for relevant staff, as well as organisational requirements for CASPs to assess, maintain, and update staff knowledge and competence. ESMA frames the guidelines as a means to set a baseline standard for staff capability, with the aim of strengthening investor protection and trust in crypto-asset markets. Comments are due by 22 April 2025. ESMA will use the feedback to prepare a final report and submit the guidelines to the European Commission.
European Securities and Markets Authority 2025-02-17
European Securities and Markets Authority consults on knowledge and competence criteria for crypto-asset service providers’ staff giving information or advice
The European Securities and Markets Authority (ESMA) has initiated a consultation on guidelines to assess the knowledge and competence of crypto-asset service providers' staff. The guidelines propose minimum requirements for staff knowledge and organisational measures for maintaining competence, aiming to enhance investor protection and trust in crypto-asset markets.