Renowned CFA Insitute to Introduce Blockchain and Cryptocurrency into CurriculumJul 17, 2018, 6:46PM
The Chartered Financial Analyst (CFA) Institute has revealed that they will add blockchain and cryptocurrency to their curriculum next month.
The Chartered Financial Analyst (CFA) Institute, which offers official credentials to would-be financial professionals, will introduce cryptocurrencies and blockchain topics to their curriculum as of next month, as first reported by Bloomberg.
The CFA is a global association of financial professionals who help educate and inform members on the developments and trends in the industry which, by their own admission, now features blockchain and cryptocurrency. The institute has offices all across the world, including New York City, London, Mumbai, and Hong Kong.
Known to be extremely difficult, the CFA’s examination helps individuals become financial professionals and covers a wide variety of investment topics. The first such exam was held in 1963. Only about 40 - 50% of students pass the exam. The exams are offered sequentially in three stages. The cryptocurrency and blockchain topics will be introduced in the level 1 and level 2 exams.
Specifically, the new topics will fall under the study material heading “Fintech in Investment Management”. For the moment, the curriculum will be limited to the potential of blockchain in fintech. The addition is a result of high interest among students and in the industry as noted in surveys and focus groups.
Stephen Horan, Managing Director for General Education and Curriculum at the Institute of Virginia says of the curriculum addition,
We saw the field advancing more quickly than other fields and we also saw it as more durable [...it] is not a passing fad.
The CFA’s decision to embrace blockchain and cryptocurrency follows a larger financial industry trend of big names taking to the technology. Goldman Sachs has established a trading operation and JP Morgan has been devising a cryptocurrency strategy. Similarly, technology and manufacturing giants have been working distributed ledgers into their business plans, covering industries as varied as automakers, digital security, IoT, Blockchain as a Service, supply chain, and others.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.