The European Banking Authority (EBA), one of the regulatory agencies of the European Union (EU), has opened a job position that looks for staff with knowledge and experience in the crypto industry.
The
candidate is expected to help the agency in its duties regarding the
EU’s long-awaited crypto-regulation, Markets in Crypto Assets regulation
(MiCA).
- The
role requires strong knowledge of crypto assets and products, alongside
several years of experience in supervising financial institutions.
- The banking authority will be in charge of regulating large stablecoins like the ones pegged to euros or dollars.
- The regulator will also prepare draft rules to fill in the gaps in MiCA that legislators left unfilled.
- The
EBA’s Chair, José Manuel Campa, previously said they were concerned
about the possibility of the inability to enforce MiCA requirements
since they could not find qualified employees.
- The Paris-headquartered EBA aims to increase transparency and identify vulnerabilities in the European financial system.
- The agency has the authority to overrule national regulators in the region if they cannot properly regulate their banks.
