Cryptocurrency’s threats to the UK economy
UK government could face ‘limitless’ losses from businesses accepting cryptocurrency payments, the source of money is not taxed and cannot be retrieved when it is bankrupt.
More and more companies are starting to accept payments for goods and services in cryptocurrencies such as bitcoin, stellar, alongside debit, credit, or cash payments.
While many crypto enthusiasts are welcoming this change, experts say this could be a way for those businesses to use to launder money from the authorities, especially when the company goes bankrupt.
It is seen as the latest threat to emerge from the growing popularity of cryptocurrencies linked to money laundering and illegal black-market transactions. This is likely to deal a lot of damage to the British government in a time of prolonged economic inflation.
The Bank of England and the Ministry of Finance are considering the possibility of digital assets being integrated into the UK monetary system, to prevent possible risks as many businesses are gradually moving towards the electronic currency.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2024-09-05 | dusdbv3 | view | |
| 2024-06-27 | orioleinsights | view | |
| 2021-10-30 | Sorte Rosa | 56 | view |
| 2021-10-30 | Sorte Rosa | view |
Comments
From a positive perspective,…
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Crypto casinos like https://www.bitcoinbuster.com/online-casino-reviews/playamo-casino/ could also provide opportunities for UK-based businesses to enter the cryptocurrency market and develop innovative products and services that cater to the needs of crypto casino players.
Grammar and spelling errors:
Line 4, column 114, Rule ID: USE_TO_VERB[1]
Message: Did you mean 'used'?
Suggestion: used
... could be a way for those businesses to use to launder money from the authorities, ...
^^^
Transition Words or Phrases used:
so, thus, while, such as
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 11.0 13.1623246493 84% => OK
Auxiliary verbs: 3.0 7.85571142285 38% => OK
Conjunction : 6.0 10.4138276553 58% => More conjunction wanted.
Relative clauses : 2.0 7.30460921844 27% => More relative clauses wanted.
Pronoun: 6.0 24.0651302605 25% => OK
Preposition: 23.0 41.998997996 55% => More preposition wanted.
Nominalization: 4.0 8.3376753507 48% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 900.0 1615.20841683 56% => More number of characters wanted.
No of words: 163.0 315.596192385 52% => More content wanted.
Chars per words: 5.52147239264 5.12529762239 108% => OK
Fourth root words length: 3.57311423478 4.20363070211 85% => OK
Word Length SD: 3.26188882432 2.80592935109 116% => OK
Unique words: 106.0 176.041082164 60% => More unique words wanted.
Unique words percentage: 0.650306748466 0.561755894193 116% => OK
syllable_count: 280.8 506.74238477 55% => syllable counts are too short.
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 2.0 5.43587174349 37% => OK
Article: 2.0 2.52805611222 79% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 2.0 4.76152304609 42% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 6.0 16.0721442886 37% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 27.0 20.2975951904 133% => The Avg. Sentence Length is relatively long.
Sentence length SD: 41.0341998284 49.4020404114 83% => OK
Chars per sentence: 150.0 106.682146367 141% => OK
Words per sentence: 27.1666666667 20.7667163134 131% => OK
Discourse Markers: 4.0 7.06120827912 57% => More transition words/phrases wanted.
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 2.0 8.67935871743 23% => More positive sentences wanted.
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 0.0 3.4128256513 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.147622495166 0.244688304435 60% => OK
Sentence topic coherence: 0.068005279166 0.084324248473 81% => OK
Sentence topic coherence SD: 0.0606104329241 0.0667982634062 91% => OK
Paragraph topic coherence: 0.0737670738751 0.151304729494 49% => OK
Paragraph topic coherence SD: 0.0487894635623 0.056905535591 86% => OK
Essay readability:
automated_readability_index: 18.2 13.0946893788 139% => OK
flesch_reading_ease: 35.61 50.2224549098 71% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 15.0 11.3001002004 133% => OK
coleman_liau_index: 15.03 12.4159519038 121% => OK
dale_chall_readability_score: 10.3 8.58950901804 120% => OK
difficult_words: 55.0 78.4519038076 70% => More difficult words wanted.
linsear_write_formula: 14.5 9.78957915832 148% => OK
gunning_fog: 12.8 10.1190380762 126% => OK
text_standard: 15.0 10.7795591182 139% => OK
What are above readability scores?
---------------------
Minimum 250 words wanted.
Rates: 56.1797752809 out of 100
Scores by essay e-grader: 5.0 Out of 9
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.