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 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 their

money

to buy a certain amount of e-

money

,

Remove the comma

apply

show examples

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

Correct your spelling

millionaires

milionaires

Correct your spelling

millionaires

overnight. Using

this

form of currency,

users

are able to use their

money

to

Correct your spelling

generate

generat

Correct your spelling

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

Correct your spelling

die

traits when pouring all their properties into

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 and

uneasy

Replace the word

uneasiness

show examples

.

Therefore

, a set of rigid regulations and scrutinies should be brought into practice.

This

can limit the 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, new 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

safety

Correct article usage

the safety

show examples

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.