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Decentralizing Finance

Exam Questions: 60
Course Level: Basic
Pages: 262 | Content: 244, Supplemental: 18
NASBA Area of Study: Management Services
Not Acceptable for: Enrolled Agents
Version: 8425

This course will address how decentralized finance (DeFi), digital assets, and distributed ledger technology (DLT) are transforming business. As DLT increasingly optimizes and democratizes financial ecosystems worldwide, this course investigates the most salient aspects of this ongoing transformation. It will also take a look at how this decentralization can coexist and potentially synergize with traditional banking. PLEASE NOTE: Not accepted for Enrolled Agents. Disclosure: The course utilizes some British language and grammar. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • What is DeFi?
  • Infrastructure and Instruments
  • Activities and Applications
  • Risks and Mitigations
  • Regulation
  • Central Bank Digital Currencies
  • Asset Tokenization
  • Deposit Tokens
  • Institutional DeFi
  • Conclusion
Objectives
  • To identify the layers of the DeFi stack
  • To recall the fundamental operating layers of DeFi
  • To recall the characteristics of decentralized exchanges (DEXs)
  • To recall various cryptocurrency-focused malware types
  • To recognize the definitions of various crypto-assets
  • To recall the benefits of retail central bank digital currencies (R-CBDCs)
  • To identify the five distinct stages of a security's life-cycle
  • To recognize the characteristics of various digital currencies
  • To identify the first G7 economy to establish a regulatory framework for stablecoins
  • To recall the likely potential impact of DeFi on the future of money

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