Finantsinspektsioon Clarifies Competence Requirements for Crypto Company Staff

26/03/2026

Finantsinspektsioon issued the European Securities and Markets Authority guidelines “Guidelines for the criteria on the assessment of knowledge and competence under the Markets in Crypto Assets Regulation (MiCA)” as advisory guidelines. Providers of crypto asset services need to make sure that staff handling clients have the qualifications and experience needed to provide services.

The guidelines clarify the knowledge and skills expected of providers of crypt asset services depending on whether they give clients information or advice. Staff giving advice are required to have more knowledge and skills than those who only issue information on crypto asset services. Providers of crypto asset services must also assess at least once a year whether the knowledge and skills of their staff meet the requirements and must organise regular additional training for their staff.

The guidelines are intended to harmonise with the principles of the European Union for assessing the knowledge and skills of staff who inform clients about crypto assets and crypto asset services or give advice to clients on those matters. Finantsinspektsioon believes that these guidelines will help increase trust in the crypto asset market and will give investors better protection.

The guidelines will come into force from 28 July 2026.