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Everyone has been watching regulators closely over the last year for their take on such upstart financial products as digital currency, initial coin offerings and blockchain, and how these may end up affecting the future for the financial industry. Now, one major financial institution - the CFA Institute – thinks they are legitimate enough to be included on the prestigious CFA examination.
In the financial world, the CFA is one of the more respected abbreviations one can have next to their name, more so than MBA according to many. The CFA exam is a grueling three part examination that has a pass rate of only near 50%.
Cryptocurrencies - Blockchain - Technology - Exam - Prominence
That said, if cryptocurrencies, blockchain and similar technology are being included on the exam, they are clearly becoming of significant prominence to the financial world.
Bloomberg has more:
CFA - Institute - Program - Professionals - Topics
The CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year. Material for the 2019 exams will be released in August, giving candidates their first opportunity to start logging a recommended 300 hours of study time.
CFA added the topics, part of a new reading called Fintech in Investment Management, after industry participants showed surging interest in surveys and focus groups. The worlds of finance and crypto have become increasingly intertwined after last year’s Bitcoin boom, with regulated futures now trading in Chicago, blue-chip firms like Goldman Sachs Group Inc. dabbling in digital assets, and scores of Wall Streeters joining crypto-related startups.
Director - Education - CFA - Institute - Bloomberg
The managing director for general education at the CFA Institute told Bloomberg that he "...saw the field advancing more quickly than other fields and we also saw it as more durable.” He also noted, regarding crypto and blockchain that it “...is not a passing fad."
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