model and benchmarking. read the brief cases and make further research to answer the following : 1.
Question:
model and benchmarking.
read the brief cases and make further research to answer the following:
1. You have just joined the South African Reserve Bank that has announced thneed 'crypto Wild West' in SA (De Lange: 2022). Apply value chain theory to discuss how will you regulate, to protect crypto investors adequately and to warn about the risk of losing money because of the volatility in the crypto market. Note: support your answer with detailed diagram showing practical relationships.
2. Based on this statement "Lobban and Ruan Stander, a crypto asset tax specialist, say, if the regulations are implemented, anyone offering advice or intermediary services on crypto assets would have to be a recognised financial services provider under the Financial and Intermediary Services Act"
"This includes South African platforms for crypto assets, brokers and advisers."Make further research using theSERVQUAL modeland describe and proposed the flow diagram illustrating the how theservice delivery and consumer satisfaction will be measured. Note: e.g.considerknowledge of cryptocurrencies.
3. Digital Currency - is the digital format of fiat currency that you carry around in your wallet or withdraw from an ATM. It's the same currency that is backed by an authority, the Reserve Bank of South Africa.Cryptocurrency - is not backed by a central figure but derives its purchasing power from its community of users. Technically, they are pieces of code created by 'mining' that are managed through a digital ledger called as blockchain to ensure transparency at each stage of its journey. Although coins like Bitcoin and Ethereum have many uses when it comes to NFTs and the upcoming metaverse, they cannot be utilised outside of blockchain as these are digital assets that can be traded but not used as a legal tender in many countries. Make a case using ofbenchmarkingto evaluate impact of cryptocurrencies
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick