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Impact of Virtual Currencies

PHOTOS SPARK CONVERSATIONS

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LET'S LEARN!

Useful Words/Phrases

  • virtual currency
  • cryptocurrency
  • regulation
  • blockchain
  • biotechnology
  • decentralization
  • ICO (Initial Coin Offering)

SPEAK MORE!

Direction: Discuss the following questions with your mentor and share about yourself. Make sure to answer in complete sentences.

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  1. How do you see the rise of virtual currencies impacting traditional banking systems?

  2. What are some benefits and drawbacks of regulating virtual currencies?

  3. In your opinion, how can blockchain technology change the way we handle financial transactions?

  4. What role do you think governments should play in regulating virtual currencies?

  5. How can individuals ensure their safety when investing in cryptocurrencies?

  6. What future trends do you predict for virtual currencies and financial regulation?

Let's Practice!

Direction: Create a question using the vocabulary discussed.

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Cryptocurrency
Situation:

1. Using regulation, ask about its importance in the cryptocurrency market.

block chain
Situation:

2. With blockchain, create a question about its applications beyond currency.

decentralization
Situation:

3. Using decentralization, ask about its implications for traditional financial systems.