The European Banking Authority (EBA) is experiencing a shortage of employees needed to oversee the cryptocurrency industry. This was stated by the head of the regulator, Jose Manuel Campa, in an interview with the Financial Times.

According to him, one way to solve this “serious problem” is a high salary. However, the official said the issue “does not fall within the scope of possible discussions” between the EBA and the European Commission.

Another major challenge for Kampa is the very slow formation of the regulatory framework, which has not kept pace with the development of the industry. The department head acknowledged that cryptocurrencies could transform before the introduction of comprehensive regulation in 2025.

In early July, the Council of the European Union and the European Parliament tentatively agreed on the provisions of the draft law on the regulation of cryptocurrencies. Mica. It explains the rules that apply to issuers of unsecured cryptoassets, stablecoins, trading and custody platforms.

The document does not affect non-tradable tokens (NFTs). In the next 18 months, the European Commission can supplement this with relevant provisions.

Later, members of the European Green Party and Socialists proposed to propagate the standards. AML/CFT– procedures for decentralized organizations, DeFi platforms and NFT platforms.

Recall that the head of the European Central Bank, Christine Lagarde, said that all cryptocurrencies and stablecoins meet the definition of speculative assets, and the recognition of currencies in them is inappropriate.

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