How will the Mika organization in Europe turn the qualifications of the encryption consultant? Cryptoninjas

Main meals:

• Mika in Europe defines a new standard for encryption experience with mandatory employee qualifications.
• The proposed instructions for ESMA guarantee enlightened advice, enhancing investor protection in the encryption space.
• By setting the minimum efficiency standards, MICA aims to instill greater confidence in the volatile digital assets market.

The European encryption scene is subject to a transformation, as the European Union seeks to create a safe and transparent environment for digital asset investments. The European Union is actively formed by the future of encryption organization through new legislative initiatives.

One of the main aspects of MICA is to ensure that the encryption professionals get better training and develop a deeper understanding of this industry. MICA aims to ensure that professionals who advise investors the expertise needed to provide accurate and responsible guidelines. Securities and European Markets Authority﹙Esma﹚Development Guidelines to implement this goal.

ESMA: Classified and effective encryption engineer

ESMA, the main stock market for the European Union has a decisive role in politics and legal infrastructure. ESMA aims to clarify technical standards and guidelines to provide a clear understanding of MICA and ensure the same treatment of these rules in all European Union member states. This monotheism is a prerequisite for the fair competition environment that is guaranteed with the aim of investors and codes service providers (CASPS).

Specifically, ESMA suggests that creating requirements to assess knowledge and efficiency for CASP employees, especially those who deal with customers by providing advice or revealing information about encryption assets will be the best way to achieve this goal. The goal is to create an organizational framework that protects investors, prevents market abuse, and guarantees fair trading practices.

More news: Mika: A new dawn or a dark cloud for the encryption market in Europe?

Emma’s suggested rehabilitation guidelines for ESMA

Esma suggestion

The new ESMA rules on explicitly specific guidelines explain the criteria for evaluating the efficiency of CASP employees and their experience with the main focus on those whose advice or information services are closely related to encrypted currencies. Therefore, let’s first examine the basic blocks of these instructions:

• The consistency is the key to establishing a unified market. By setting joint standards in all member states of the European Union, ESMA aims to eliminate organizational pleasure and create a level stadium for both investors and tear. This sets a fundamental expectation, which guarantees a steady level of experience in the industry.
• Discrimination between roles and responsibilities: In recognition of change in responsibilities, ESMA proposes distinct criteria for investment consultants and information providers. Investment consultants, who direct investment decisions, will be kept directly on more strict requirements than those who provide information services only. This distinction reflects the weight of the effect and the potential impact on the results of the investors.
• Giving priority to comprehensive knowledge: Some believe that the primary understanding of encryption is enough. However, a representative of the goodwill of the company that deals with issues related to encryption often can reveal the real face of the complexity of the entire situation.

• • example: The financial advisor for encryption should understand Blockchain protocols, and expects price fluctuations due to electronic threats and ensuring smooth market operations. Moreover, it should be aware of the rapidly changing scene of compliance and governance issues.

• Commitment to continuous training: Looking at the fact that the cryptocurrency market is a technology -based sector, it is important for continuous vocational training. This is to ensure that CASP employees are updated with information in actual time regarding market trends, technological improvements and organizational changes. By doing this, they are enabled to avoid technical statute of limitations and remain in constant knowledge of the changes that occur in the industry at all times.

• Imposing regular reviews: The winners will be asked to hold annual reviews of the needs of employee and development training. Also, they will closely follow the activities of the unqualified people and keep detailed records for their qualifications and training.

These changes shed light on ESMA’s commitment to the development of highly skilled and specialized workforce.

Below is a summary schedule that compares the training, expertise and expertise requirements for employees who provide advice in exchange for employees to provide information:

Objectives and benefits: protecting investors and creating confidence

ESMA proposed guidelines aim to enhance organizational effectiveness and enhance investor protection. I intend:

• Promote investor protection: One of the most important priorities of ESMA is to support shareholders ’rights by linking them with clubs of knowledge, reliability and confidential. These will be people who are able to recommend in the best way for a potential investor, thus securing investment.
• Market confidence expanding: The consistency means strengthening the level of confidence in the encryption market because repeated instability is accompanied by doubt and uncertainty has become the rule. By raising the category tape in terms of professionalism and accountability, ESMA defines the basis for developing a more reliable virtual market, thus sharing more stability in the long term.
• Establishment of organizational harmony: The creation of consistency in the market is the first principle that one must follow to obtain a single market that can be passed to the public. ESMA by providing joint standards for all member states of the European Union trying to make it impossible to take advantage of regulations and allow to fight for the space to be fair to both investors and steadfastness. This dilemma of the rules will make the cross -border investment more simple and this will be the way to increase the integrity of the encrypted currency market in the euro area.

Industry effect and wavy effects

The new standards of ESMA are expected to pay major changes in the encryption market and service providers. CASPS will need more capital to spend in this field of training and development to adhere to higher requirements. Some smaller companies will fight to meet the requirements of organizational compliance, while some large companies will be very happy with change because this is the main way that the industry has become more legitimate and mature.

At the beginning of the operation, service providers who are not large entities may believe that they bear the costs of high burden, but in the end, the end result of the investor’s confidence can be a benefit to the economy as a whole. The long -term benefits of the most professional market and regulating obstacles in the early stages will indicate, indicating that its location in the financial scene becomes stronger and stronger.

The increasing necessity to maintain employee training and records may use more compatibility functions in this sector.

Your voice is important: Get your opinion

ESMA intends to obtain inputs on these guidance proposals from everyone who has interests, such as winners, investors, financial institutions and industry societies. Those who want to make comments and make their ideas should do this until April 22, 2025. ESMA plans to announce the completed guidelines in the quarter in 2025, while the rules will be valid 60 days after being published in all the official European Union languages.

Why are you not involved in the discussions in which people like you form the shape and presence of digital money?

Securities and European Markets Authority

Imagine a safer and transparent future

ESMA’s proposed guidelines set a great milestone in the European Union’s efforts to create a comprehensive regulatory framework. In this regard, these guidelines have developed a criterion of what is necessary for CASP employees to gain efficiency. They also take the protection of investors and deception in the marketˏ While the world of technology is contaminated. But staying alive in the long term and running this new technology grows.

What do you think of the ESMA suggestion? Share your opinions here.