Competition for blockchain compliance specialists has increased among European financial institutions catering to cryptocurrency companies. The demand for other Web3 specialists is also growing.

Demand for Blockchain Experts in Europe Increased

In Europe, FinTech companies related to cryptocurrency are actively competing for employees in compliance. Wage growth in this area has been about 20% in the past few months. This is reported by Bloomberg. 

Greengage, Blockbank, Fiat Republic, and BCB Group are among the companies that are actively looking for compliance officers with blockchain expertise. The latter, for example, plans to launch BLINC, an instant payment service in the U.S., to fill the gap left by Signet and Sen, which were operated by Silvergate and Signature banks. The publication notes that since February, BCB Group has doubled the requests from potential clients to check their compliance with regulatory standards and AML policies. 

Compliance specialists are also actively recruited by foreign companies looking to expand their presence in the EU to take advantage of recently adopted new crypto regulations. 

However, European companies aren’t just searching for compliance officers. For instance, the Polish PKO Bank Polski announced a Virtual PKO Rotunda job fair in the Decentraland Metaverse. The bank plans to expand its presence in the Metaverse space and is looking for appropriate professionals. In particular, the bankers intend to open virtual offices in The Sandbox, Roblox, and Fortnite. With the help of Metaverses, bank representatives want to offer their clients new forms of interaction. 

In 2022, there was a large-scale study of the labor market in Web3. It turned out that almost 60% of the employees are under 30 years old, and the most popular areas of work are marketing and management. 

Author: Evgeny Tarasov
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