European banking regulator sees 'major concern' in retaining staff to handle crypto: Report

European banking regulator sees 'major concern' in retaining staff to handle crypto: Report


The chair of the European Banking Authority, or EBA, a European Union agency that regulates banking activities, has reportedly expressed concern that a dearth of talent experienced in the crypto space could hurt its ability to overse the market.

According to a Wednesday report from the Financial Times, EBA chair José Manuel Campa said that hiring and retaining staff knowledgeable about cryptocurrencies was a “major concern” given the growing demand for experts in the public and private sectors. Campa suggested that many industry experts could be more drawn to positions paying wages higher than those at the EBA, which were comparable to government jobs in the European Commission.

In addition, the chairperson reportedly hinted the EBA may be unprepared for exercising its authority over token offerings and

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