EBA Chairman: Retaining any crypto-related talent is a major concern

 Golden Finance reports that the head of the European Banking Authority (EBA) revealed in an interview that retaining any crypto-related talent is a major issue”. The executive was quoted by the Financial Times as adding that the deficit also applies In other areas, including technology and digitalisation, there is a high demand for specialists across society. The Paris-based EBA was established in 2011 after the last financial crisis to ensure European banks have sufficient capital to meet similar challenges in the future. More recently, it also oversaw European efforts to regulate cryptocurrencies. It now says it is also concerned about planning its new powers. European institutions recently agreed on a draft regulatory framework known as Markets in Crypto Assets (MiCA). But the agency head said, Authorities won't know which digital coins, cryptocurrencies and stablecoins it has the power to regulate until closer to 2025, when the legislation is expected to take effect.