1. Cryptocurrency have had a disruptive effect on traditional financial systems as they are controlled by a central bank in the same way as conventional currency.

This lack of control has led to dramatic fluctuations in the value of cryptocurrency as they are traded and exchanged around the world. However, more and more people and businesses perceive cryptocurrency as great investment instrument. With reference to lAS 16 PPE, evaluate and discuss whether cryptocurrency meet the definition and the recognition criteria of tangible assets.

b) Second question on same topic is "with reference to IAS 38 intangible assets, evaluate and discuss whether cryptocurrency meet the definition and the recognition criteria of intangible assets."