The Skills Gap Challenge

Regulatory bodies like the European Banking Authority (EBA) are facing a significant challenge: a glaring shortage of skilled professionals in the crypto sector. José Manuel Campa, the chair of the EBA, expressed deep concerns that the lack of experienced talent could hinder the agency’s efforts in overseeing the constantly evolving digital asset landscape.

Pay Disparity Woes

It might surprise no one that the pay at the EBA is akin to what one might find in other government jobs—read: not exactly a bankroller’s paradise. Campa pointed out that experts in cryptocurrencies are often tempted by private sector roles that offer significantly higher salaries. As the demand for these experts soars, the EBA risks losing out on top talent simply because their paychecks are more enticing elsewhere.

The Unpredictable Future of Crypto

Campa’s crystal ball isn’t working too well when it comes to predicting the future of crypto. He remarked, “I don’t know exactly what I would be confronted with in two years.