CFA introduces a cryptocurrency section

2 Years ago / Articles


Blockchain and the crypto industry are developing at a very fast pace: specialists in these fields are now needed in different sectors of economic field, but so far there're not so many CVs of such experts on the market, largely due to the lack of funding of educational programs in this field for a long time. Meanwhile, the world economic examination commissions are already introducing testing for knowledge of the cryptocurrency. What should a successful financier know and where it is possible to get a quality education that meets the challenges of the modern world?


CFA introduces a cryptocurrency section

The international exam for Chartered Financial Analyst (CFA) will include a section on cryptocurrencies. The three-stage exam is known for its complexity, but at the same time it is also a serious confirmation that the one who passed it is one of the best specialists in this field.

Cryptocurrency topics will be included in the section "Fintech in Investment Management". Also in this examination part there will be questions about artificial intelligence and machine learning.

This decision was made after receiving data from surveys of focus groups and a surge of interest in this area.

  • "We noticed how the crypto industry is developing faster than any pother. This is not a fleeting whim," said Stephen Horan, managing director of the CFA program.

The CFA itself, known as the "infernal exam" for its 50% passing rate, has three stages. Questions on the crypto industry will be a part of the subject for the first two levels of the exam.

They will also be included in the sub-item "ethics" because of the urgency of impending changes in the regulation of taxation, investment and crypto-exchange.

Materials for the preparation for the new form of the exam were promised to be released in August next year. To successfully pass the first part of the exam, experts advise spending 300 hours on studying.


Where to get an education?

In universities all around the world there are many programs aimed at economists, wishing to delve deeper into the topic of crypto industry and blockchain tehnology. Cornell University offers Cornell Blockchain program, designed to provide education, certification and application about blockchain technology for students and corporate clients.

NYU Stern School of Business has introduced the topic of blockchain as an integral part of the FinTech MBA program. This specialization, offered as part of the daytime MBA program, focuses on the impact of technology on finance, including analytics, artificial intelligence and blockchain technology. Graduates will continue to influence investment banking, international finance, entrepreneurship and much more.

Princeton's cryptocurrency course teaches the basics of technical fundamentals of cryptocurrency operations. It should be noted that the course is focused on cryptocurrencies, which is especially useful for financiers.One of the oldest universities in Australia, the Royal Melbourne Institute of Technology (RMIT University), opened an 8-week full-text course that tells students about blockchain and helps professionals learn how to use technology for their business.

University of Nicosia has developed a full three-step master program, the main purpose of which is to give students as much information as possible about blockchain, the financial component of the crypto industry and the means of applying it in their own lives and work. It is noteworthy that other world universities are not yet in a hurry to introduce master's programs in the field of cryptocurrency economy, while the University of Cyprus issues liable master's diplomas.


Crypto industry for the public

In general, the situation with education in the field of cryptocurrency economyis still at its initial stage, while for programmers there are many more training and retraining programs. Nevertheless, it is already obvious that in the future the situation will radically change, because the knowledge of blockchain technology and the crypto industry will be needed not only for IT specialists, but also for economists, journalists, urbanists (people involved in the planning and development of modern megacities), and everyone who wants to quickly become part of the rapidly emerging new world.