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?

The advent of new

currencies

has always been a topic of extensive debate,

as

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while

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many regard them as a change for

a

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the

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better. Conservatives disapprove of it

for

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apply

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the possible threats. Above all, regardless of

such

controversy, it is widely help stricter legislative efforts and inspections are to be imposed on these matters. Personally, I firmly see newly created forms of

money

as a

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desirable

desireable

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desirable

development with overshadowed tradeoffs due to its

economics

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economic

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contribution at the expense of

unwant

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unwanted

complications; and rules are to be applied to prevent

such

mishaps.

To begin

with, currency changes, especially the digitization of cash, can bring about boots in a

nation’s

economy

. New

money

stimulates and elevates the general flow of

money

in the market.

For example

, the introduction of foreign

currencies

, like the US

dollars

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dollar

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, kickstarted heightened industrial growth in Vietnam due to increased profits and investment.

Furthermore

, the appearance of new types of

money

proves to be a valid solution

to

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for

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nations with severe economic crises. Not only does these new

form

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forms

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paint a new clean slate for the

economy

,

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but,

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they

also

signal changes in a

nation’s

financial status. An instance can be taken from

Zimbawe

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Zimbabwe

, where sky-high rates of inflation deal detrimental blows to the country’s market, the shift into digitized

money

and the aiding adoption of the USD allow adaptive crowd.

However

, it must

also

be noted that complications

resulted

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resulting

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from new

currencies

remain a true conundrum. The new system of cash may not

be reach

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reach

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all of a

nation’s

population, especially in mountainous regions on hinterlands, which deepens the social gaps and left many behind.

Additionally

, confusion

in

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about

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the value of

money

may impede economical progress.

The

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Bitcoin, with its typical high fluctuation rates, poses severe instability to the

economy

. Yet, it has to be mentioned that the merits outshine the setbacks. Gravitating towards

legislations

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legislation

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upon

uopn

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using

these

currencies

, they prove as a must for any

nation’s

financial ecosystem. Strict laws minimize the overutilization and overexploitation

from

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of

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would-be wrongdoers.

For instance

, by

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enforcing

engorcing

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enforcing

rules upon the availability end print-out of

money

, governments essentially

prohit

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prohibit

profit

fallacious acts of producing too much of the currency, which prevents inflation.

Moreover

, these laws and

inspection

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inspections

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maintain

the

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equal value and relevance among types of

money

. Were all to overindulge in a

vertain

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certain

new type of

money

, other ones may be obsolete, and be

disposed

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ofdisposed

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.

This

inadvertently creates gaps between

innovated

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innovative

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lands from areas that are unfamiliar

to

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with

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that alien currency.

This

deepens social gaps and boosted unwanted exalovity.

Consequently

, scrutiny

are

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is

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wanted to uphold equal values. In conclusion, I firmly believe that innovative forms of

money

are a must for any

economy

at the expense of

inmode

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model

in mode

shortcomings. In doing so, rules and laws play an integral role in maintaining peace and equity.