Writing Task 2: Responding to Survey Questions

Read the following information.

Your state government is planning a blanket ban on Cryptocurrency. There have been reports of frauds. The government has sent out an opinion survey to see what residents would like to have built-in that area

Cryptocurrency survey:

Option A: Is banning cryptocurrencies the solution?
Option B: banning a currency would push it into the black market

To whom it may concern, Cryptocurrency is a hotly debated topic amongst individuals, especially the young generation. I appreciate the state government's initiative considers this matter. In my opinion, a blanket ban on cryptocurrency is not a suitable option due to financial reasons. Conspicuously, encrypted money provides an alternative to traditional money, which is regulated by the country's law. The computer-based, non-tangible currency has provided surprisingly high returns to investors. Furthermore, with its evolution and popularity, more and more businesses are now accepting payments in the form of cryptocurrency. For instance, cryptocurrency is now a mode of payment for many online transactions. On the other hand, some people believe that cryptocurrency should be banned. However, this is a lame solution to handle its few drawbacks. Moreover, if a blanket ban is imposed, it would have severe adverse implications, such as its use in the black market. For example, the currency could be used to fund terrorist organizations and buy/sell narcotic drugs. Based on the above considerations, I firmly stand by my stance. The government should not impose a total ban on cryptocurrency; instead, establish a policy to regulate its use. Kind Regards, Tony

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