The largest association of investment professionals CFA Institute is set to introduce cryptocurrency-related topics to its curriculum.
With more than 150,000 members, the CFA Institute will launch for the first time a cryptocurrency course. The material will be shared in August 2018. According to Bloomberg, an impressive number of 227,031 people from 91 countries have already registered to pass the exam on crypto topics this year.
CFA Institute “is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year,” Bloomberg reported.
A non-profit organization that supports professionals
The CFA Institute is a non-profit organization that provides an impressive number of certifications, including the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) ones. The number of members registered until the end of 2017 reached 156,800 professionals.
The news outlet wrote:
“The CFA Institute is a non-profit organization that provides an impressive number of certifications, including the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) ones. The number of members registered at the end of 2017 reached 156,800 professionals.”
The crypto course is organized in three levels
Hence, the cryptocurrency-based curriculum will be structured into three levels. Level I examines “knowledge of the ethical and professional standards“. Level II tests how these standards react in different experimental situations, while Level III tests how standards are correlated “in a portfolio management and compliance context.”
In total, all levels consist of ten topics like “quantitative methods, economics, corporate finance, equity management, fixed income, derivatives, and alternative investments“.
According to Bloomberg, the cryptocurrency-related course is part of the organization’s Fintech in Investment Management program. The CFA Institute agreed to add it “after industry participants showed surging interest in surveys and focus groups“.
Here’s what Stephen Horan, CFA Institute’s Director for General Education and Curriculum in Charlottesville stated:
“The CFA material on crypto and blockchain will appear alongside other fintech subjects including artificial intelligence, machine learning, big data and automated trading,” adding that:
“more crypto topics, such as the intersection of virtual currencies and economics, may eventually be added to the curriculum … We saw the field advancing more quickly than other fields and we also saw it as more durable…This is not a passing fad.”