Future analysts will now read about Bitcoin in their textbooks. With the crypto world slowly finding its way into the traditional financial market, the Chartered Financial Analyst (CFA) Institute has decided to include Blockchain and Bitcoin in its curriculum.
The new topics will be added to the Level I and Level II syllabi and will be a part of a new reading entitled FinTech, which in turn is a subsection under Investment Management. The aspirants, in this new subject area, will learn about cryptocurrency finance alongside thriving FinTech industries, machine learning, and artificial intelligence. Tuition material for the 2019 exams will be released next month, in August and the students will be able to take tests on the revised syllabus in August 2019.
More topics related to cryptocurrency markets like the intersection of virtual currencies and economics might get included in the curriculum, eventually. The brand new field will also appear in the materials on professional ethics. This incorporation is rather suitable as the cryptocurrency industry has always been in the headlines for fraudulent practices like money laundering, market manipulations, and such frauds.
The decision of introducing the new subjects was made on the account of increased interest displayed by a number of focus groups and questionnaires.
The managing director for general education and curriculum at CFA Institute, Stephen Horan told Bloomberg in an interview, “We saw the field advancing more quickly than other fields and we also saw it as more durable”. He went on to say that cryptocurrency is anything but a passing fad.
The latest inclusion is being well received by the students planning to appear for the certified exam. One Kayden Lee, who took the CFA Level I exam last month said, “it will be beneficial for us since there’s been a huge expansion and adoption of crypto in our investment universe”.
Home to the finest financial professionals, CFA has provided over 150,000 international members with prolific training in the field of finance. The Institute is one of the most prestigious institutions in the world of finance, whose racking three level exams have chiseled out the best financial analysts, globally.
CFA is helping the cryptocurrency industry paint a legitimate picture of itself. This is a huge step in the direction of sustaining the real world impact of the digital currencies and preventing them from being a mere mysterious-buzz-creating-one-time-wonder.