European Union: European Securities and Markets Authority published guidelines on criteria on assessment of knowledge and competence under Markets in Crypto Assets Regulation (MiCA)

On 11 July 2025, the European Securities and Markets Authority (ESMA) published final guidelines under the Markets in Crypto-Assets Regulation (MiCA) setting out the criteria for assessing the knowledge and competence of staff at crypto-asset service providers (CASPs) who provide information or advice on crypto-assets and related services. The guidelines apply to CASPs operating in the European Union and establish minimum knowledge and competence standards, including professional qualifications and experience, while addressing specific risks such as crypto volatility and cybersecurity. The guidelines aim to help CASPs act in their clients’ best interests and assist competent authorities in monitoring compliance. They will be translated into all official EU languages and published on ESMA’s website, with a two-month period for authorities to notify compliance, and will take effect six months after publication.