CIC8702 Assignment 2 Specification Page 1 Assignment 2 – Report Description Marks out of Wtg(%) Due date Assignment 2 100.00 50% 2nd JUNE 2017 This assignment must be your own work. It is acceptable to discuss Course Content section with others to improve your understanding and clarify requirements, but solutions to assignment questions must be done on your own. You must not copy from anyone, including tutors and fellow students, nor allow others to copy your work. All Assignments will be checked using collusion monitoring tools to ensure that each assignment is the original work of the submitting student. Assignments that do not adhere to this requirement will be deemed as being the result of collusion or plagiarism. This may lead to severe academic penalties as outlined in USQ Policy Library. It is your own responsibility to ensure the integrity of your work. Refer to the Academic Integrity Policy for more details: http://policy.usq.edu.au/documents.php?id=13752PL In completing this assignment, you are expected to use available resources such as the practical activities in the study modules, the Communication skills handbook, the Course Study Desk – especially the Discussion List (click the Study Desk link on USQConnect – ), as well as exploring and experimenting on your own. Assessment Task As an expert witness, you have been invited by your country’s governmental committee to prepare a detailed submission on digital currencies to assist the committee in its inquiries in its investigations into (1) how to develop an effective regulatory system for digital currency; (2) the potential impact of digital currency technology on the country’s economy; and (3) how the country can take advantage of digital currency technology.CIC8702 Assignment 2 Specification Page 2 The submission must be in the form of a 3000 – 4000 word report and should contain facts, opinions, arguments and recommendations. The key issues to be addressed in your report are: 1. The need for a regulatory system for digital currency including: a. Competing definitions for digital currencies b. Regulatory approaches c. The tax department’s current stance on Bitcoin and their current guidelines and their implications d. Combating the misuse of digital currencies e. Consumer and business protections f. Impact on innovation 2. The potential impact of digital currency technology on the country’s economy including the: a. Payments sector b. Retail sector, and c. Banking sector 3. How the country can take advantage of digital currency technology including: a. Benefiting the country’s economy (such as tourism) b. A stimuli for innovation c. Catering for the unbanked d. etc.CIC8702 Assignment 2 Specification Page 3 General Requirements Use the Harvard Referencing style for citations and referencing. Submission Guidelines Upload the Report (Microsoft Word) via the online Assignment 2 submission link on the CIS8702 StudyDesk before midnight Australian Eastern Standard Time (AEST) on the day the assignment is due. Name your file: [lastname] / [initial] _ [student number] _ [course code] _ report_assign2.docx (eg. allym_0050051005_cis8702_assign2.docx). Standard Rules  The following is the USQ Assessment – Assignment (Late Submission) and Compassionate and Compelling Circumstances procedure that relate to Extensions and Late Assignments. They can be found under the following links:  Assessment – Assignment (Late Submission) Procedure: http://policy.usq.edu.au/documents.php?id=14749PL#4.2_Assignments  Assessment of Compassionate and Compelling Circumstances Procedures: http://policy.usq.edu.au/documents.php?id=131150PL  Students seeking extensions for any Assignment work must provide appropriate documentation to support their request before the due date of the assignment (see points 4.3 and 4.4 in the Assessment of Compassionate and Compelling Circumstances Procedures above to see what is considered as Compassionate and Compelling reason for an extension and the level of documentation that will be needed).  An Assignment submitted after the due date without an approved extension of time will be penalised. The penalty for late submission is a reduction by five percent (5%) of the maximum Mark applicable for the Assignment, for each University Business Day or part Business Day that the Assignment is late. An Assignment submitted more than ten (10) University Business Days after the due date will have a Mark of zero recorded for that Assignment.  The online submission system will accept late assignments up until 23:55pm on the 10th University Business Day after the due date.