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with SCENARIO Section A - Conceptual Framework and reporting for Small and Medium Sized entities Store Cryptocurrencies are digital currencies that operate independently Sof a central bank. Some business now accepts crypto currencies in wher place of traditional currencies. The market Price for crypto currency is highly volatile. Investors can earn large returns by buying crypto currency on an exchange when the quoted price rises. Crypto currencies have proved problematic with regards to financial reporting because they do not seem to fall within the scope of an issued IFRS or IAS standard. As such, prepares of financial statements must use the conceptual framework to devise an accounting treatment that provides useful information to financial users. Required. a. Define Crypto currency? Using conceptual framework, discuss how an entity might account for an investment in Cryptocurrency that holds to trade