a. Elton Masquarade has been a very keen observer of the Cryptocurrency BITCOIN for many years, but is concerned to its volatile market price and the significant impact on the environment. He is also not sure as to whether he should invest in them or allow the digital asset to be used when purchasing electric motor scooters he manufacturers and sells. As an educator of Digital Assets you are employed by the Cryoptia Foundation; you offer a training programme and Elton attends your class. He wants to understand the benefits and limitations in trading these types of Assets. In your own words, provide an explanation of BITCOIN as it relates to the Australian environment. 3 Marks

b. Elton would like to offer a pay-day scheme called 'Masquaraders PDS' for all Australian residents. The terms include: 15% initial charge, up to a one year term with two easy payments. Borrowers are able to add on further pay day transactions up to a value of $50,000. In your own words provide advice to the Masquarade Team on the proposed offering. 2 Marks.