How to apply for RPL?

Could you elaborate on the process of applying for Recognition of Prior Learning (RPL) in the cryptocurrency and finance industry? As a professional practitioner in this field, I'm curious about the steps involved and the requirements that need to be met. I understand that RPL can help recognize skills and knowledge gained through experience or other non-traditional learning methods, but I'm unsure of the specific procedures and documentation required. Could you provide a detailed overview of the application process, including any relevant forms or assessments that may be involved? Additionally, are there any common pitfalls or challenges that applicants should be aware of?