New European Cryptocurrency Regulation Proposal: It requires practitioners to have professional knowledge of key features of cryptocurrency assets, market operations, blockchain technology, understand

The European Securities and Markets Authority (ESMA) has issued a consultation paper, seeking public opinion on guidelines for assessing the capabilities of crypto asset service providers' employees. The guidelines aim to implement the requirements related to the "Crypto Asset Market Regulation Act" (MiCA). According to the proposal, practitioners need to have professional knowledge of key features of crypto assets, market operations, blockchain technology, and understand regulatory frameworks and tax implications. ESMA requires service providers to assess annual development needs for their employees, maintain qualification records and conduct regular assessments. The consultation period for this draft is open until April 22nd; ESMA plans to release final guidelines in the third quarter of this year.