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Is CFA institute bullish on cryptocurrencies? Cryptographic forms of money and blockchain to include part of its curriculum for 2019 exams

It is quite known that Fintech has been one of the swiftly growing sectors. Fintech gamut symbolizes the progressive enterprises that leverage cutting-edge technology to bring-in friendly financial products and solutions that are quite far more agile and pioneering compared to traditional financial institutions.

The CFA professional program that comprises of three levels of exams, wherein 1st level will have MCQ types, descriptive types in level 2 and level 3 exams. The curriculum is designed by the CFA Institute Body of Knowledge, runs us through an extensive level of proficiency in investment management by cutting across 10 key areas of study. The CFA Institute US has now announced that it would introduce areas of cryptocurrency and blockchain in its curriculum for global finance exams from 2019.

Stephen Horan, managing director for general education and curriculum at the CFA Institute in Charlottesville, Virginia, told the publication: “We saw the field advancing more quickly than other fields and we also saw it as more durable. (…) This is not a passing fad.”

Amid the lingering prospects among the crypto-asset universe, the keen interest continues to mount everywhere, reputed institutions from Big 4 auditing firms to the central banks of advanced economies have been investing hugely into R&D projects of blockchain and cryptocurrency gamut.

While the prestigious universities across the globe have been no exception, designing innovative courses on crypto and blockchain space. Some major universities have already added relevant courses to their lists, including Stanford University, University of California at Berkeley, Harvard, Massachusetts Institute of Technology (MIT), Edinburg Napier University and for now, CFA Institute has been no exception.

In last May’2018, at 71st CFA Institute annual conference also, matters pertaining to the crypto-industry were discussed. They noted a paradigm shift in the way that news outlets covered bitcoin and other cryptocurrencies. Though cryptocurrencies have generated outrageous headlines in the years since their initial introduction, 2017 marked a milestone in their transition from fringe investment to the alternative asset.

Bitcoin derivatives, that were perceived and needy as the investment handy to a larger group of potential investors, have been under discussion since 2013. However, the regulatory approval has been an obstacle due to some activities (hacking, money laundering etc) leading to the breach of breach of trust. Nevertheless, two exchanges in the United States, CBOE Global Markets and CME Group broken out of the shell, the duos obtained authorization and began listing Bitcoin futures in last December. On the eve of such development, we witnessed commendable bullish streaks.

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 179 levels (which is bullish), while hourly USD spot index was at 2 (neutral) while articulating (at 11:24 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex

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