CFA Exam Adds Blockchain & Crypto

Jason Yanowitz | July 17, 2018

Coming on the heels of Coinbase's announcement that they got the green light from U.S. regulators to move forward with a trio of acquisitions that will allow it to become one of the first federally regulated venues for trading security tokens, the CFA Institute has announced that they will be adding cryptocurrency and blockchain topics beginning next year.

On par with Goldman adding a trading desk, JP Morgan launching a blockchain team, and State Street saying blockchain is at their top of their agenda, this is another clear cut signal that cryptocurrencies have arrived on Wall Street.

The CFA program is an extremely well respected global organization that puts financial professionals through a 3-year exam process and ongoing education. It's very well regarded in the asset management industry, and the exams take years to study for and pass.

Large money managers hire CFA charterholders because they have a well-rounded knowledge of different asset classes.

Not only is this a sign that crypto is entering Wall Street full steam ahead, but it's a great step in the right direction for overall market adoption.

Although there have been recent statements about the taxation of Ethereum and Bitcoin from the SEC, many virtual currency projects still operate in a legal gray zone. More education and direction in the realm of crypto regulation is always a good thing.

A record 227,031 people in 91 countries and territories are registered to take CFA exams in June. For those on Wall Street accepting that blockchain and cryptocurrencies will play a huge role in the future of our financial system, this is highly beneficial.

For the closed-minded naysayers against cryptocurrencies & blockchain, they will still have to study it.

Seeing the most respected charter in the investment world adding cryptocurrencies and blockchain to their exam is a step in the right direction for the space as a whole.

As Stephen Horan, managing director for general education and curriculum at CFA Institute stated in a Bloomberg report, "This is not a passing fad.”

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Jason Yanowitz

Co-Founder of BWG