The Chartered Financial Analyst (CFA) Program has proclaimed that blockchain and crypto will be part of the curriculum, a visible indication that cryptocurrencies have grasped Wall Street's big attention. Cryptocurrency topics will immediately be put under a fresh reading known as "Fintech in Investment Management," side by side with subjects like Machine Learning and Artificial Intelligence.
This decision comes after the feedback acquired by the CFA program coming from focus groups and surveys, that disclosed a flood of interest in the crypto field, according to Bloomberg.
"We saw the field advancing more quickly than other fields and we also saw it as more durable. This is not a passing fad," said Stephen Horan, MD of the curriculum.
Regarded as the most savage test in the field of finance, all CFA applicants are demanded to pass with ease a three-stage exam. The common pass rate is normally less than 50 percent for the first examination.
Various questions on cryptocurrencies will make part of the matter presented for consideration for the first two levels of the set examination.
Crypto questions will also be put in the ethics part of every testing level - a contemporary subject matter given the currently happening regulatory directed changes around cryptocurrency exchanges, taxation and investment vehicles.
The reading material for 2019 examination will be officially released and distributed in August next 2019, and from there, all candidates will be expected to undertake about 300 hours of full study time in order to excel in their examination.
Last month, over 200,000 people officially registered for the examination, and this has been regarded as one of the main tracks to lift job landscapes in the industry.
Most of the applicants were greatly from regions of Asia since its where a lot of cryptocurrency activities happen, with Binance, Japan-based cryptocurrency exchange, being the largest in the world measured based on the transaction volume.