Crypto Assets And Related Digital Developments
From Open Risk Manual
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Definition
Crypto Assets And Related Digital Developments. In the context of the Financial Competence Framework, Crypto Assets And Related Digital Developments is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Crypto Assets And Related Digital Developments in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
210 | Aware of the existence of different types of crypto-assets and has a basic understanding of how to access and exchange them | Knowledge |
211 | Aware of risks related to using crypto-assets for payment or investment purposes, and of the risks related to “crypto exchange platforms” (such as technological or other risks), which can have significant financial consequences | Knowledge |
212 | Aware that scams related to crypto-assets occur frequently, often trying to attract potential victims by promising high expected returns | Knowledge |
213 | If relevant, knows how to use different types of crypto-assets safely and in compliance with applicable law | Skill |
214 | Keeps abreast of developments related to emerging technologies relevant for financial products and services | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union