The possession of relevant information and the ability to apply it effectively in a specific domain. Knowledge refers to theoretical understanding, while competence signifies the practical skill and capability to perform tasks. In professional settings, both are essential for sound decision-making and ethical conduct. Continuous development of these attributes is critical in dynamic fields.
Context
Knowledge and competence are key themes in crypto news, particularly concerning financial advisors, service providers, and even individual investors interacting with digital assets. Regulatory discussions often include requirements for market participants to demonstrate adequate understanding of crypto products and associated risks. Educational initiatives and professional standards aim to raise overall levels of expertise in this sector.
CASPs must immediately revise disclosure protocols to prevent the "halo effect," ensuring clients distinguish MiCA-regulated and unregulated offerings.
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