Brazil has become the first country in the world to launch a Master’s degree in Cryptofinance. The programme has been started by Sao Paulo based Fundacao Getulio Vargas (FGV) which is a Brazilian higher education institution. It offers regular courses in Economics, Business Administration, Law, Social Science and Information Technology management.
The Latin American nation has millions crazy about the cryptocurrency. Latinfinance magazine reported in March this year:
“At the height of the bitcoin fever late last year, FoxBit, one of Brazil’s leading specialized brokerages, said it had to suspend the registration of new clients because it was unable to cope with demand.”
But the Brazilian authorities and central bank continue to look at cryptocurrencies with suspicion. According to Latinfinance magazine’s report from March, 2018:
“Brazil is shutting down brokers’ bank accounts and barring investment funds from buying bitcoin. Now a fight over the future of cryptocurrencies has broken out in Latin America’s largest market.”
However, this has not stopped Brazillian educational institutions from delving deeper into the subject.
According to Bitcoin.com, Ricardo Rochman, Program coordinator at FGV emphasized the need for greater educational resources to be made available on the subject of cryptocurrency. “It is a market with a profound lack of people with expertise. Cryptofinance has economic and financial fundamentals that are worth discussing, researching, and [being] taught” said Rochman.
FGV may have earned the distinction of starting a first full-fledged Master’s degree programme in Cryptofinance. But several elite universities in the USA have already been running courses on cryptocurrency. And these courses have gained immense popularity.
In February 2018 New York Times published a detailed story on how cryptocurrencies were coming to American campuses. The following excerpt from the story shows how much popularity the subject has already gained in the elite universities:
“There was some gentle ribbing from my colleagues when I began giving talks on Bitcoin,” said David Yermack, a business and law professor at New York University who offered one of the first for-credit courses on the topic back in 2014. “But within a few months, I was being invited to Basel to talk with central bankers, and the joking from my colleagues stopped after that.” For a class this semester, Mr. Yermack originally booked a lecture hall that could fit 180 students, but he had to move the course to the largest lecture hall at N.Y.U. when enrollment kept going up. He now has 225 people signed up for the class.
And this is just one university. Read the full story to find out what is happening across the campuses.