Master your CDACP with 3 practice exams of 100 questions each pulled from a database of 1,150+ questions. Immediate feedback after each question. Plus 1 certification style exam with gap analysis report to show areas of weakness.
more infoWhat I appreciate most about Plum Stone Prep’s online practice tests is their emulation of the real exam. Entering the exam room, I felt a strong sense of confidence in my grasp of the material, and upon leaving, I had no doubt that my investment of time had been thoroughly justified.
Janice B. New Jersey
What you get in this package
Ready to become a Certified Digital Asset Compliance Professional?? Look no further, because our practice exam package is here to make sure you pass with flying colors! We promise, this isn't your typical "sit in a stuffy room" kind of exam prep.
In this package you get:
- 3 practice exams with immediate feedback after each response
- A Gap Analysis report at the end of the practice exams to show areas of weakness
- 1 sample certification exam (answers not shown) that simulates the CDACP exam
So why wait? Start prepping today, and let's make the CDACP certification journey as fun as a barrel of monkeys (minus the monkey business)! Prep with the Dude!
About the CDACP exam
The CDACP (Certified Digital Asset Compliance Professional) exam is a certification offered by the Association of Certified Digital Asset Compliance Professionals (ACDACP). This certification is designed for individuals working in compliance roles within the digital asset industry such as compliance officers, legal professionals, and risk managers.
Exam Objectives:
- Demonstrate knowledge of the regulatory landscape governing digital assets
- Understand the compliance risks associated with digital assets and how to mitigate them
- Apply compliance best practices to digital asset businesses and operations
- Stay current with the latest regulatory developments and industry trends
No formal prerequisites, but candidates are expected to have a basic understanding of digital assets and compliance concepts and it's recommended that you have at least 1-2 years of relevant work experience in compliance or a related field.
Obtaining the CDACP certification can demonstrate an individual's expertise and commitment to compliance in the digital asset industry, which may enhance their career prospects and credibility with employers, clients, and regulators. However, it's important to note that the digital asset industry is constantly evolving, and compliance professionals must stay informed about the latest regulatory developments and best practices to effectively manage compliance risks.
Exam Structure:
100 Multiple-choice questions
Exam duration: 2 hours
Passing score: 70% or higher
Topics include:
- Regulatory Frameworks and Compliance Obligations
- International, national, and local regulations
- Anti-Money Laundering (AML)
- Counter-Terrorist Financing (CTF) regulations
- Securities laws and regulations
- Taxation of digital assets
- Compliance Program Development and Implementation
- Risk assessment and management
- Policies, procedures, and controls
- Customer due diligence (CDD) process
- Know Your Customer (KYC) process
- Transaction monitoring
- Suspicious activity reporting
- Compliance Considerations for Digital Asset Businesses
- Exchanges and trading platforms
- Wallets and custody providers
- Initial Coin Offerings (ICOs) and token sales
- Decentralized Finance (DeFi) protocols
- Emerging Trends and Challenges in Digital Asset Compliance
- Privacy coins and anonymity-enhanced cryptocurrencies
- Decentralized exchanges (DEXs) and peer-to-peer (P2P) transactions
- Stablecoins and central bank digital currencies (CBDCs)
- Interoperability and cross-border transactions
CDACP certification is valid for 2 years and to maintain the certification, individuals must complete 20 hours of continuing education (CE) credits per year. CE credits can be earned through attending conferences, webinars, or completing online courses related to digital asset compliance
CDACP Exam FAQs
What is the CDACP certification?
The CDACP certification is a professional credential offered by the Association of Certified Digital Asset Compliance Professionals (ACDACP). It validates an individual's knowledge and skills in compliance and regulatory aspects related to digital assets and blockchain technology.
Who should pursue the CDACP certification?
The CDACP certification is suitable for professionals involved in compliance, legal, regulatory, or risk management roles within the digital asset and blockchain industry. This includes compliance officers, lawyers, auditors, regulators, and other individuals responsible for ensuring compliance with applicable laws and regulations.
What are the prerequisites for the CDACP exam?
There are no formal prerequisites for taking the CDACP exam. However, it is recommended that candidates have a basic understanding of digital assets, blockchain technology, and compliance principles. Relevant work experience in compliance or regulatory roles is beneficial.
What is the format of the CDACP exam?
The CDACP exam is a computer-based, multiple-choice exam. It consists of 100 questions, and candidates have 2 hours to complete the exam.
What is the passing score for the CDACP exam?
The passing score for the CDACP exam is 70%. Candidates must answer at least 70 out of the 100 questions correctly to pass the exam.
How can I prepare for the CDACP exam?
The ACDACP provides a comprehensive study guide and a list of recommended reading materials to help candidates prepare for the exam. Additionally, there are training programs and courses offered by various institutions that cover the exam topics in detail. Candidates can also join study groups or discussion forums to collaborate with peers and share knowledge.
How long is the CDACP certification valid?
The CDACP certification is valid for 2 years from the date of certification. To maintain the certification, individuals must earn 20 continuing education credits (CECs) within the 2-year period by attending relevant conferences, workshops, or completing additional training.
What are the benefits of obtaining the CDACP certification?
The CDACP certification demonstrates an individual's expertise and commitment to compliance in the digital asset and blockchain industry. It enhances credibility, marketability, and career opportunities in compliance-related roles. The certification also provides access to a network of compliance professionals and resources to stay updated with the latest regulatory developments.
How can I register for the CDACP exam?
To register for the CDACP exam, candidates need to visit the ACDACP website and create an account. They can then schedule the exam at an authorized testing center or through an online proctored option. The exam fee and registration details are available on the ACDACP website.
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