A fit and proper person must have relevant qualifications and knowledge, honesty and integrity, adequate virtual asset sector and management experience (or comparable experience), understanding of the regulatory framework, and financial soundness; firms assess this against the nature and scale of the business and the specific role, ensure the Board collectively has adequate skills, weigh degrees and industry qualifications and understanding of the rules and fiduciary duties, count hands-on relevant industry experience, and look for real, not purely administrative, management experience. VARA decides case by case and will not approve someone it is not satisfied with.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.