The European Securities and Markets Authority (ESMA) has proposed new guidelines to ensure crypto asset service providers meet strict competence and knowledge standards under the EU's Markets in Crypto-Assets Regulation (MiCA). The regulator is seeking public feedback on the requirements, which aim to improve investor protection and strengthen trust in crypto markets.

Under the proposal, staff at crypto firms must demonstrate a clear understanding of blockchain technology, market operations, pricing mechanisms, and regulatory frameworks. The guidelines also recommend minimum qualifications, previous experience, and continuous professional development to ensure staff remain well-informed. Companies would be required to review staff competence annually, supervise unqualified employees, and keep detailed records of training and qualifications.

The consultation remains open until 22 April, with final guidelines expected in the third quarter of the year. Meanwhile, major crypto exchanges such as OKX, Crypto.com, and Bybit are working towards compliance with MiCA regulations to secure their operations in Europe.

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