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?

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