Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Please provide me sources or Refrences also. Thank you Assignment topic: Cryptocurrencies have been generating a lot of interest in business circles and the general

image text in transcribed

Please provide me sources or Refrences also. Thank you

image text in transcribed
Assignment topic: Cryptocurrencies have been generating a lot of interest in business circles and the general population in recent years. At the October 2021 meeting of the board of directors of a fictional Australian financial institution, AusFinz Ltd, the board intends to consider the implications of cryptocurrencies for the company (which is a listed entity). Specifically, the board wants to address two issues, namely: Whether AusFinz should consider investing in one or more cryptocurrencies; and Whether AusFinz should develop specialist cryptocurrency-based financial products including home loans and credit cards. Required: You work for the CFO of AusFinz, Khan Tran. Khan has asked you to prepare a research paper for the Board which explains: The nature of cryptocurrencies; How they are bought and sold; How transactions using cryptocurrencies are recorded; and Whether cryptocurrenices have been adopted for use by any listed companies in Australia or overseas. Khan would like you to include a selection of public comments made by financial journalists or analysts from financial institutions in Australia about the use of cryptocurrencies as an investment or as a currency for financial products. Khan would also like you to include your own personal opinion, based on your research, on whether an investment in cryptocurrencies by AusFinz would be compatible with good corporate governance. In the paper, you should ignore specific banking regulation such as the Banking Act 1959 (Cth)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2015

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

33rd Edition

9781305177772

Students also viewed these Law questions