We’re
repeatedly seeing indications that point towards mainstream adoption of
cryptocurrencies. The most recent of such a sign derives from the CFA Institute
that’s overseeing the CFA Program. The already challenging program is about to
get a bit tougher with the addition of subjects on blockchain and cryptocurrencies
in August of 2019.
The
3-part exam covers many different finance area, with a heavy concentration on
ethics, and has been deemed by Business Insider as ‘the most brutal test in the
finance world.’
According
to Stephen Horan, managing director for general education, as well as
curriculum for the CFA Institute who oversees CFA tests, he saw the
cryptocurrency field advancing more rapidly than additional fields and he also viewed
it as more durable. He added that it isn’t a passing fad.
The
new subjects are set to be a part of a new CFA curriculum part referred to as
“Fintech in Investment Management” along with additional emerging technologies like
automated trading, machine learning, and artificial intelligence.
CFA
tests reportedly attract over 100,000 individuals from around the world, less
than 50% of whom fail the initial testing round. In 1963, since the beginning
of the program, only 150,000 folks have been accredited as Chartered Financial
Analyst “charterholders” having successfully finished all 3 testing levels.
The
CFA Institute, of course, is not the only institution of its kind to recognize
the potential of cryptocurrencies and blockchain to change the world of
finance. It is however, among the most well-known organizations in the space.
The
CAIA
Association previously boasted the development of new advisory boards that consist
of ‘crypto experts,’ whereby the DCC released their own
professional accreditation plan for financial advisors wanting to specialize in
blockchain and cryptocurrency technology.
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to learn more about cryptocurrency investing? Check out our free report which
reveals the six rules of cryptocurrency investing here.
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