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EU Banking Authority Seeks Professional Digital Currency Expert to Prepare for MiCA Law Implementation

The European Banking Authority (EBA) is seeking an experienced digital currency specialist to bolster its team in preparation for its duties for overseeing their Markets in Crypto Assets (MiCA) regulations.

Upon being selected, the applicant will be responsible for developing a policy that mandates under the European Banking Authority’s (EBA) supervision model. This model will primarily be responsible for supervising the EU’s digital currency markets and contributing to the other activities of the Digital Finance Unit. 

MiCA, a Paris-based agency, will oversee the operations of stablecoins that are tied to the euro, making sure that the stablecoin issuers’ reserves are suitably backed. The EBA also has the responsibility of creating more rules to fill in the gaps left by the EU Parliament, granting regulators a certain level of power.

Requirements for the Ideal Candidate

The European Banking Authority (EBA) is seeking to recruit a professional with specialized knowledge of digital assets and their related technology in order to reach its objectives. The ideal candidate for the EBA should have at least three years of experience in supervising any financial organization, creating detailed supervisory policies, and drafting professional-grade documents. 

The EBA will be evaluating candidates on both technical and behavioral competencies, with a particular focus on problem-solving and collaboration. Furthermore, this role is expected to be appointed on a temporary contractual basis for a period of three years, with the possibility of extending for an additional three years. 

The Impact of MiCA 

On April 19, European Parliament members will convene to vote on the imminent MiCA. This intricate legal framework for the bloc has made numerous digital currency firms prepare for its potential impacts and the necessary insurance requirements. While some have already pointed out the difficulty of fulfilling this obligation, however, this provision of MiCA will surely set the stage for the future of digital assets.