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?

✨ Do you want to improve your IELTS writing?

The rapid proliferation of new forms of

money

Use synonyms

, from cryptocurrencies to mobile payment systems, presents a complex duality.

While

Linking Words

offering undeniable benefits,

this

Linking Words

technological advancement

also

Linking Words

introduces significant

risks

Use synonyms

to the financial system, necessitating increased

regulation

Use synonyms

and scrutiny. The

overall

Linking Words

impact,

therefore

Linking Words

, hinges on a careful balance between fostering

innovation

Use synonyms

and mitigating potential threats. On the one hand, innovative monetary

technologies

Use synonyms

offer enhanced efficiency and accessibility. Cryptocurrencies,

for instance

Linking Words

, promise faster and cheaper international transactions, bypassing traditional banking systems and reducing reliance on intermediaries. Mobile payment platforms facilitate seamless and convenient transactions, particularly beneficial in emerging economies with limited banking infrastructure.

This

Linking Words

increased accessibility can stimulate economic growth and financial inclusion, empowering individuals and businesses previously excluded from the formal financial system.

Furthermore

Linking Words

, the inherent transparency of some blockchain-based

technologies

Use synonyms

could improve accountability and reduce fraudulent activities.

However

Linking Words

, the decentralized and often unregulated nature of many new monetary

technologies

Use synonyms

poses considerable

risks

Use synonyms

. The volatility of cryptocurrencies, subject to wild price swings and susceptible to manipulation, poses a threat to investors and the broader financial

stability

Use synonyms

. The anonymity offered by some systems can facilitate illicit activities, including

money

Use synonyms

laundering and terrorist financing.

Furthermore

Linking Words

, the lack of robust consumer protection mechanisms in

this

Linking Words

nascent field leaves users vulnerable to scams and fraud. The potential for systemic risk is undeniable, given the interconnectedness of global financial markets; a major disruption in one area could trigger a domino effect.

Consequently

Linking Words

, greater

regulation

Use synonyms

and scrutiny are paramount to mitigate these

risks

Use synonyms

. Governments and international organizations need to establish clear regulatory frameworks that balance

innovation

Use synonyms

with protecting consumers and maintaining financial

stability

Use synonyms

This

Linking Words

includes implementing robust anti-

money

Use synonyms

laundering measures, establishing clear licensing requirements for new payment providers, and promoting consumer education to enhance financial literacy.

While

Linking Words

excessive

regulation

Use synonyms

could stifle

innovation

Use synonyms

, a balanced approach that prioritizes transparency and accountability is essential to ensure the responsible development and adoption of new monetary

technologies

Use synonyms

. In conclusion,

while

Linking Words

new forms of

money

Use synonyms

offer significant potential benefits, the associated

risks

Use synonyms

cannot be ignored. A proactive and carefully calibrated regulatory response is crucial to harness the advantages of technological advancement

while

Linking Words

safeguarding the

stability

Use synonyms

and integrity of the global financial system. Only through a concerted effort to balance

innovation

Use synonyms

with responsible

regulation

Use synonyms

can we fully realize the potential of new

money

Use synonyms

technologies

Use synonyms

without compromising systemic

stability

Use synonyms

monapermsuwanSat Mar 08 2025

Unauthorized use and/or duplication of this material without express and written permission from this site's author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Coherence and Cohesion

Your introduction effectively outlines the main argument and sets up the discussion well. Consider expanding on the complexities mentioned in the introduction to provide a more comprehensive overview of the topic.

Coherence and Cohesion

While your paragraphs are well-structured and logically flow from one point to the next, integrating more transitional phrases can enhance the flow significantly. For example, words like 'Moreover,' 'In addition,' or 'Conversely' can help in guiding the reader through your arguments smoothly.

Task Achievement

You presented a wide range of ideas, but ensure to further develop your arguments by providing specific examples or case studies that illustrate your points. This can strengthen the overall persuasiveness of your arguments.

Task Achievement

Ensure that your conclusion revisits the main points discussed but also reflects on broader implications or potential future developments. This can enhance the depth of your response and leave the reader with a lasting impression.

Task Achievement

You maintain a clear position throughout the essay, effectively arguing both sides of the issue before concluding your stance. This demonstrates critical thinking and a well-reasoned approach to the topic.

Coherence and Cohesion

The use of specific terms and clear explanations of complex concepts shows a strong command of language. This helps in engaging the reader effectively, making your arguments more accessible and understandable.

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

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

9
Linking words
meeting the goal of 7 or more
6
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 6.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

5 paragraphs

385 words

🚀 Prepare for IELTS writing section today!

Unlimited Task 1 & Task 2 checks
Practice with essays, charts, and letters.
Personalized suggestions & mistake analysis
Spot every mistake and boost your score.
Topic ideas & vocabulary helpers
Expand your ideas and use the right words.
Progress tracking
Watch your writing improve with every practice.

What to do next:

Look at other essays:

7
band
In their advertising, businesses nowadays usually emphasise that their products are new in some way. Why is this? Do you think it is a positive or negative development?
It is argued that companies by using various methods in their advertising are trying to announce new features. While it seems like a competition among manufacturers, I believe that it would have positive effects on communities.
7.5
band
Nowadays, more people move away from their friends and families for work. Do advantages outweigh the disadvantages?
Avoiding friends and families for livelihood seems to become popular recently. This essay will examine the reason why employees need to keep a distance from their prior social circle because it is likely more beneficial.
6.5
band
Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self-employed? Give reasons for your answer and include any relevant examples from your own knowledge or experience.
There is an argument going on between notions regarding the idea of working for yourself or for a company. Most of the people find self-employment to be a better option. In my opinion, the most important reason behind this is that you receive more freedom in comparison to working for an organization. As well as believing that this choice can lead to some drawbacks.
8.5
band
You are going on a short training course at a college in Greenmount, Northern Ireland. You need somewhere to live while you are there. Write a letter to the accommodation officer at the college. In your letter: •explain your situation •describe the accommodation you require •say when you will need it
I am writing to request you find me a suitable place to stay for a short period in Greenmount City near Northern College in Northern Ireland.
7
band
Some people say that music is a good way of bringing people of different cultures and ages together. To what extent do you agree of disagree with this opinion? Give reasons for your answer and include any relevant examples from your own knowledge or experience.
It cannot be denied that we are living in a world where we can hear great sounds and music at any time. Proponents say that music is probably a good way to bring many people from different countries and ages together. And I strongly agree with that issue.

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?

Support ideas with relevant, specific examples

In their advertising, businesses nowadays usually emphasise that their products are new in some way. Why is this? Do you think it is a positive or negative development?

Nowadays, more people move away from their friends and families for work. Do advantages outweigh the disadvantages?

Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self-employed? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Some people say that music is a good way of bringing people of different cultures and ages together. To what extent do you agree of disagree with this opinion? Give reasons for your answer and include any relevant examples from your own knowledge or experience.