CFA adds crypto exams, China calls for blockchain intervention, Coinbase receives approval from SEC, BlackRock denies rumors
- Cryptocurrencies and blockchain examination will be a part of a new CFA curriculum section dubbed ‘Fintech in Investment Management’ alongside other topics in emerging financial technology such as artificial intelligence, machine learning and automated trading.
- Xin Guobin, the deputy director of China’s Ministry of Industry and Information Technology (MIIT), has urged the country to join forces to make blockchain as a ‘core’ technology for the new digital economy.
[Blockchain] can make up for the deficienc[ies] of traditional credit system, prevent information tampering and forgery, and save [costs across] society. [This applies to] finance, e-commerce, smart medical care, social security, Internet of Things, energy and other fields, and will have an important impact.
Xin Guobin, the deputy director of China’s Ministry of Industry and Information Technology (MIIT)
- Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities.
- Larry Fink, BlackRock CEO, denied any current involvement with cryptocurrencies, however, he did not entirely rule out the possibility of BlackRock offering crypto services in the future.
When it becomes more legitimized, when it has a true open nature of it that you [can] identify who the players are on both sides, that’s when we’ll probably look at it as an alternative to all currencies.
Larry Fink, BlackRock CEO
