New forms of money are appearing at an ever-faster rate. Is this a positive development or adding risk to the system? Should new money technology face greater regulation and scrutiny?

✨ Do you want to improve your IELTS writing?
To satisfy the ever-increasing demands of
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humans
human
humas
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humans
for a more innovative, automatic and convenient lifestyle, the introduction of various
moneytary
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monetary
transaction
form
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forms
show examples
has become an important breakthrough. While there
are
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is
show examples
a
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apply
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myriad
of
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apply
show examples
debates about whether
this
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would bring about negative or positive changes to
the
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apply
show examples
society, I, from my perspective, see
this
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as a two-fold phenomenon that can
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simultaneously
simultaniously
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simultaneously
aid the road to better lives and put
Use synonyms
users’s
Remove the s
users’
show examples
security at risk.
Therefore
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, it is of the utmost importance to have
such
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transactions under proper
scrutinies
Fix the agreement mistake
scrutiny
show examples
. On the one hand,
Correct your spelling
along
show examples
a long
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along
show examples
with a variety of newly-introduced forms of
money
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, virtual
money
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is deemed to be the most prevalent due to its high opportunity of gaining big
profit
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.
This
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is regarded as a form of investment
which
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in which
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people put in
there
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their
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money
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to buy a certain amount of e-
money
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, and
then
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wait until the price
ascalates
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escalates
to sell for
profit
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. An example of
this
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is Bitcoin, which has helped many people become
milionaires
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millionaires
ovenight
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overnight
. Using
this
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form of currency,
users
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are able to use their
money
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to
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generate
generat
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generate
profit
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without making
many
Correct quantifier usage
much
show examples
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efforts
effort
efforst
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effort
and even stand a chance of regaining enormous
profit
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.
On the other hand
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, profitable as it might sound,
such
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kind of
money
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also
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poses
detrimental
Add an article
a detrimental
the detrimental
show examples
threat of uncertainty and fraud. There is no guarantee that
users
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would earn big
money
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when investing;
hence
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many have gone to
dise
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die
traits when pouring all their
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properties
prperties
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properties
in to
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into
show examples
this
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without earning back anything.
Moreover
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, since
this
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is
such
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as harsh market, beginners may be frauded into buying
unprofittable
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unprofitable
profitable
shares,
thus
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lose
Wrong verb form
losing
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all their
saving
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savings
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.
Also
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, since
this
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is e-
money
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,
chances
Correct article usage
the chances
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of being hacked
all
Correct word choice
and all
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the
profit
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are high. Despite any protection,
users
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cannot always guarantee their
money
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’s safety and
hence
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living
Wrong verb form
live
show examples
in apprehension
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and
ans
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and
uneasy.
Therefore
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, a set of rigid regulations and
scutinies
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scrutinies
should be brought into practice.
This
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can limit the
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risk
rish
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risk
of
users
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using tricks to gain
the
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apply
show examples
money
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as well as
to
Fix the infinitive
apply
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prevent
fraudulers
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fraudulent
to take
money
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from others. Regular checks are necessary to filter out any suspicious or illegal transaction of
money
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so that the market
become
Change the verb form
becomes
show examples
a cleaner
profit
Use synonyms
-generating playground.
Nevertheless
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, laws and scrutiny cannot entirely erase all the risks as there will exist some loopholes that criminals can use as smoke screens to the authority. To conclude,
nee
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new
show examples
forms of
money
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are undeniably beneficial, but they
also
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pose some
threat
Fix the agreement mistake
threats
show examples
to
users
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. It is paramount that in order to
acertain
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ascertain
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safety
Correct article usage
the sefety
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sefety
Correct your spelling
safety
of these transactions, strict rules and regular checks should be enacted so that
these
Change the determiner
this
show examples
market is all-roundedly guaranteed.
Submitted by ngocthuykatie on

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