New forms of money are becoming extremely popular nowadays. Is this a positive development or adding risk to the system? Should new money technology face greater regulation and scrutiny? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words. You should spend about 40 minutes on this task.
Crypto
money
has been promoted and extremely popular for a few decades. This
tendency would have the biggest impact on financial development as numerous gyber
frauds are present these days. I strongly believe that Correct your spelling
cyber
this
trend will affect society and the federal government
should play a role in regulating of
Change preposition
apply
Crypto
money
. This
essay will expound on my views and conclude the topic.
To commence, Crypto
money
, like Bitcoin, is a decentralised digital currency money
that operates without a financial system or government
authorities. This
new form of money
utilisers whose peer- to- peer transfers on a digital network that all records all cryptocurrency transactions. For
this
reason, it is a fact that this
leads to numerous gyber
frauds that have been experienced nowadays. Correct your spelling
cyber
In addition
, many gyber
Correct your spelling
cyber
users
have met these gyber
traps when they use Bitcoin for investments and transactions. Correct your spelling
cyber
Consequently
, this
has a negative issue on financial development.
However
, the above issues, the federal government
should play the right role in addressing them
. Correct your spelling
the
First,
the government
authorities would promote some online platforms for funders' running or gyber
Correct your spelling
cyber
users
' checking the new forms of money
and current statutes on financial development. Secondly
, the new forms of money
can be checked by the authorities when the funders and users
apply online. By doing this
, we can mitigate many current cyber frauds in society.
In conclusion, based on the statement above, I firmly believe that the new forms of money
are the highest risk and have to be monitored and managed by the internet users
who experience this
crypto
money
. This
would benefit human nature.Submitted by jimmy.wong.wp on
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coherence cohesion
Ensure that your essay has a clear introduction, body, and conclusion. The introduction should present the topic and your thesis statement, the body should contain distinct paragraphs each covering a single idea that supports your argument, and the conclusion should effectively summarise your points and restate your position.
coherence cohesion
Work on the logical flow of ideas. Try to make sure that each paragraph connects smoothly to the next with appropriate use of linking words and phrases. Additionally, ensure that sentences within paragraphs are also connected logically and clearly.
task achievement
Develop supporting points more fully. Each central idea should be fleshed out with adequate explanations, arguments, and specific examples. This will make your essay more convincing and your ideas more comprehensive.
task achievement
Avoid using the wrong term, such as 'gyber' instead of 'cyber'. Ensure that task response directly addresses the question, including both aspects of whether it is a positive development or adds risk and if greater regulation and scrutiny should be applied.
Support ideas with relevant, specific examples
Examples make your writing easier to understand by illustrating points more effectively.
Examples, if used properly, not only help you get higher marks for ‘Task Response’ but also for ‘Coherence’.
When giving examples it is best to put them after your main idea or topic sentence. They can be used in the middle of supporting sentences or they can be used to start a new sentence. There is no rule for where exactly to give examples in essays, logically they would come after your main idea/topic sentence or just after a supporting sentence.
Linking words for giving examples:
- for example
- for instance
- to illustrate this
- to give a clear example
- such as
- namely
- to illustrate
- take, for example
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