Competency Details ( Virtual Currency Literacy )

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Competencies

Jadarat Dictionary

Virtual Currency Literacy

Efficiency Technical Competency

Understand the technology, trading, and regulation of virtual currencies, including their integration into financial systems and their impact on financial products and services, analyzing market dynamics, understanding underlying technologies like blockchain, and evaluating risks, opportunities, and regulatory considerations.

Jadarat Code: T049

Level 1

Possesses basic knowledge of virtual currency concepts, including blockchain technology, virtual tokens, and digital wallets. Understands the general purpose and growing relevance of virtual currencies in financial systems. Familiarizes with foundational terminology and the role of virtual currencies in digital financial ecosystems.

Level 2

Demonstrates knowledge of virtual currency transactions, market trends, and their underlying drivers. Understands basic principles of virtual currency regulation and their potential implications for financial products and services. Recognizes the risks and benefits associated with virtual currency investments and their applications in financial systems.

Level 3

Understands the complexities of virtual currency markets, including mining, decentralized finance and smart contracts. Demonstrates knowledge of virtual currency portfolio management and their integration into traditional financial systems. Evaluates regulatory challenges and considers their implications for market participation and financial innovation.

Level 4

Exhibits deep knowledge of virtual currency ecosystems, including their impact on financial markets, investment strategies, and operational workflows. Analyzes virtual currency market dynamics and regulatory developments to guide organizational strategies. Recognizes opportunities for adopting virtual currencies across various financial services while managing associated risks effectively.

Level 5

Possesses comprehensive expertise in virtual currency markets and regulatory frameworks, shaping organizational strategies to align with global trends. Anticipates future developments in virtual currency and blockchain technology to drive innovation within the industry. Develops policies and frameworks to incorporate virtual currencies into financial systems responsibly and sustainably.