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Requirement: Please answer below questions and upload your work to Canvas for 10 extra points. No word limit; please make sure to cite your work.

Requirement: Please answer below questions and upload your work to Canvas for 10 extra points. No word limit; please make sure to cite your work.

What are cryptocurrencies?
Why are cryptocurrencies so popular at the moment?
How should cryptocurrencies be classified on the financial statements?
What are regulations (SEC, IRS, FASB, IFRS) around cryptocurrencies?
Based on your research, do cryptocurrencies have a future?
Below are the logins for the FASB Codification: http://aaahq.org/Research/FASB-GARS (Links to an external site.) (Links to an external site.)
username: AAA52925
password: TSCR36k

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