BlockEffect
Editor
2 min read | 6 months ago

Chartered Financial Analyst (CFA) Program exams will increase in difficulty in the future.

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Since there are many central banks and other upcoming new enterprises in different countries beginning to use blockchain technology, society needs more and more professionals in this domain. This pertains especially to central banks in China, which are using the distributed ledger technology for payments related to blockchain.

 

One of the famous professional tests on financial and investment areas is called Chartered Financial Analyst (CFA) Program, and this program will begin to include cryptocurrencies and blockchain in its exams starting August 2019. The CFA program includes exams and professional requirements, and candidates who pass these exams and meet the appropriate requirements will become a “CFA charterholders”. Less than 20 percent of candidates will pass the third level exam. After the CFA exam adds cryptocurrencies and blockchain, the exam will possibly become harder than before.

 

The managing director and leader of the Credentialing Division of CFA Institution, Stephen Horan told Bloomberg:

 

"We saw the field [of crypto] advancing more quickly than other fields and we also saw it as more durable… This is not a passing fad.”

 

Earlier this year, CFA announced that they have established a “cryptocurrency experts” board and have already concentrated on the crypto field for a long time. All of the exam changes might relate with the new group on CFA.

 

 

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