Online currencies have become more common in recent years. Why is this? Is this a positive or negative development?

In
this
contemporary era, it is thought that crypto
valutas
spread around the world because advanced technologies make using them more comfortable. From my point of view, as online currencies help develop the dark
market
, it is a negative invitation. It is known that
cryptocurrencies
are
money
that does not belong to any country, and
people
cannot get crypto cash.
Thus
, there are some
people
who may be scared to use it as they do not understand how to pay with
this
valuta, and where they can exchange it.
However
, nowadays, there are numerous new technologies that develop crypto exchanges on the internet.
For instance
, Binance is the most popular online exchange resource where
people
can easily buy and sell online
valutas
. It might make
cryptocurrencies
more common. In my opinion, online
valutas
have some positive advantages,
such
as an independent
market
, but
also
it may make the black
market
more popular among criminals.
Moreover
, there are a lot of
people
who use
cryptocurrencies
to hide
money
from the government because they do not want to pay taxes or do not want to show where they earn that
money
.
For example
,
according to
a recent article in The Guardian, there are a lot of criminals who use online
valutas
to collect
money
for terrorism. I believe that if
this
type of
money
become
Wrong verb form
becomes
show examples
forbidden, the government will prevent some crimes more effectively.
To sum up
, the developed technologies make
cryptocurrencies
more common.
Also
, I think that
this
invitation led to hiding a source of
money
and making the dark
market
stronger.
Submitted by engroutine on

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task response
Ensure that your introduction includes a clear thesis statement that directly addresses the question prompt.
coherence and cohesion
Work on providing a more cohesive and logical structure throughout your essay. Use transition words and phrases to connect your ideas and ensure that your argument is easy to follow.
Topic Vocabulary:
  • Digital wallet
  • Decentralization
  • Cryptocurrency
  • Blockchain
  • E-commerce
  • Fiat currency
  • Financial inclusion
  • Cross-border transactions
  • Volatility
  • Smart contracts
  • Decentralized Finance (DeFi)
  • Mining
  • Energy consumption
  • Pseudo-anonymous
  • Regulatory challenges
  • Financial privacy
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