Global Investment Association CFA’s 2019 Exam Includes Crypto, Blockchain Topics

The world-renowned Chartered Financial Analyst (CFA) examination has added cryptocurrency and blockchain to its curriculum, reported today, July 16.



The exam, run by the CFA institute, has reportedly prepared over 150,000 financial sector professionals through its intensive 3-tiered program, which is now set to include crypto and blockchain as part of its Level I and II curricula.

According to Bloomberg, CFA said that a “surging interest” across surveys and focus groups was behind its decision. Stephen Horan, managing director for general education and curriculum at the CFA Institute in Virginia, USA, told Bloomberg:

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

Crypto and blockchain have now been added as part of a new section called ‘Fintech in Investment Management,’ for which the materials will be released this August in preparation for CFA’s 2019 exams.

As Bloomberg notes, candidates for the exams are expected to clock a whopping 300 hours of study time.

Horan told Bloomberg that further topics, such as the intersection of cryptocurrencies and economics, could be introduced in future. At present, the new section will also cover topics such as artificial intelligence (AI), machine learning, big data and automated trading.

An unprecedented 227,031 people in 91 countries and territories are said to have registered to take the CFA exams this June, the majority of whom reportedly came from Asia –– home to two major crypto markets, South Korea and Japan.

Just last week, Cointelegraph reported that the prestigious London School of Economics (LSE) just revealed a new online course on cryptocurrency investing that will kick off in August 2018. The news came on the same day that the University of Malta –– an island nation known for its pro-Blockchain stance and regulations –– announced it would be launching a specialized blockchain degree as of October 2018.

In terms of the content of higher education, a wave of leading international universities are stepping in to offer blockchain, smart contract, and cryptocurrency-related courses. A group of University of Oxford academics has recently turned to the technology to rehaul the very structure of institutional learning, seeking full-degree granting powers in the EU for what they hope will become the world’s first “blockchain university.”


Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!
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Author: Marie Huillet  
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Two of Russia’s Largest Banks to Offer Crypto Trading in Six Top Coins

Two of Russia’s largest banks, Alfa Bank and Sberbank, will soon be offering clients access to cryptocurrency portfolios that will permit the trading of six popular coins on major exchanges Kraken and Bitstamp.


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Crypto Trading Portfolio

Alfa Bank is the largest private bank in Russia, while Sberbank is state-owned and is responsible for processing government employee pay checks.

According to reports from Russian news outlet Kommersant, the two banks plan to enter crypto trading by seeking help from Group IB and AddCapital investment fund, which will be in charge of providing technical solutions for the project. Also aiding in the development is the National Settlement Depository (part of the Moscow Exchange Group), which will be the portfolio’s custodian. 

Anton Rakhmanov, manager of Alfa Bank’s private banking branch said that he hopes the move will ‘speed-up the recognition of the digital assets as legitimate financial assets as soon as possible.’

The portfolio will include the six most popular cryptocurrencies. As per CoinMarketCap, these are Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and Litecoin. When operational, the portfolio will be altered at least four times in a given year when a trading algorithm will alter the combination of coins offered as necessary.

Alexey Prokofyev, CEO of AddCapital, provided further details:

“The investment process will see investors purchase a share of the fund as the shares are liquid and a client can send them for fiat currencies any time.”

Ana Ivanchuk, Deputy Chairman of Private Banking at Sberbank, was quoted as saying:

“We’d like to offer our clients an absolutely transparent way to invest in digital assets with a full compliance with regulations that will let them invest in the product they are interested in Russia.”

Russian Crypto Regulation

Late last week, also according to Kommersant, Russia’s head of the State Duma Financial Market Committee, Anatoly Aksakov, noted there would soon be some significant changes made to a set of draft laws intended to regulate cryptocurrency in the country.

“Three draft laws are currently being prepared for consideration in the State Duma: ‘On Digital Financial Assets’ (CFA), ‘On Crowd Funding’ (in terms of issue and circulation of tokens), as well as a package of amendments to the Civil Code of the Russian Federation,” Aksakov said.

The changes will mean that usual terms like ‘digital currency’ and ‘digital money’ will be replaced with the term ‘digital rights’ in any legal documents that deal with cryptocurrency regulations.

Additionally, Aksakov clarified that these “digital rights” will not be considered property, as they were previously defined by the Russian Ministry of Justice. It is also possible that “investment platform” and “token exchange operator” will be fused under a single term.

According to the report, the revised bills are expected to be adopted before the first of July. If the laws are adopted, Aksakov said Russia ‘will need to change something in the Tax Code to describe how digital rights will be taken into account for tax purposes.’


Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!
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Author: THOMAS DELAHUNTY
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