精高考英语复习外刊精读比特币.docx

1、精高考英语复习外刊精读比特币高考英语复习-外刊精读：比特币是时候调控比特币了Time to Regulate BitcoinBitcoin and other cryptocurrencies are wild west assets that expose investors to a litany of risks and are in urgent need of regulation, MPs on the Treasury select committee have said.The committee said in a report that consumers were lef

2、t unprotected from an unregulated industry that aided money laundering, while the government and regulators bumble along and fail to take action.The Conservative MP NickyMorgan, the chair of the committee, said the current situation was unsustainable.Bitcoin and other crypto-assetsexist in the wild

3、west industry of crypto-assets. This unregulated industry leaves investors facing numerous risks, Morgan said. Given the high price volatility, the hacking vulnerability of exchanges and the potential role in money laundering, the Treasury committee strongly believes that regulation should be introd

4、uced.Crypto-assetsare not covered by the City regulator, the Financial Conduct Authority (FCA),and there are no formal mechanisms for consumer redress or investor compensation.The committee argues in the report that at a minimum, regulation should be introduced to add consumer protection and counter

5、 money laundering.It said that as things stood, the price of crypto-assets was so volatile that while potential gains were large, so too were potential losses. Accordingly ,investors should be prepared to lose all their money, the committee said.The FCA said: The FCA agrees with the committees concl

6、usion that bitcoin and similar crypto-assets are ill-suited to retail investors, and as we have warned in the past, investors in this type of crypto-asset should be prepared to lose all their money.A Treasury spokesman said: We set up the joint Cryptoassets Taskforce earlier this year because we wan

7、t to better understand the potential risks and benefits of crypto-assets to people, businesses, and the economy.In 2017, the price of a bitcoin soared by more than 900%, hitting a peak of almost $20,000 in December. Its popularity has since waned, with one bitcoin now priced at around $6,270.The dig

8、ital currency emerged after the financial crisis. It allows people to bypass banks and usual payment processes to pay for goods and services.Lastyear Jamie Dimon, the chief executive of JP Morgan, said bitcoin was a fraud and only fit for use by drug dealers, murderers and people living in places su

9、ch as North Korea. He said: The currency isnt going to work. You cant have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.The Treasury committee said cryptocurrency exchanges were at increased risk of cyber-attacks, and some ret

10、ail investors who lost their passwords had found themselves locked out of their accounts permanently.However,it said that if regulated and dealt with properly, the industry could bean opportunity for Britain.CryptoUK, which represents some cryptocurrency companies with operations in Britain, said it

11、 welcomed the report.As an industry we have been calling for the introduction of proportionate regulation to improve standards and encourage growth, said Iqbal Gandham, the chair of CryptoUK. Self-regulation by the industry was always intended to be a starting point this must now be matched by gover

12、nment action.1. Why those wild west are in urgent need of regulation？A. This unregulated industry leaves investors facing numerous risks.B. Self-regulation by the industry was always intended to be a starting point.C. some retail investors had found locked out of their accounts permanently.D. crypto

13、currency exchanges were at increased risk of cyber-attacks2. Which of the following options is not mention through this passage？A. Crypto-assets are not covered by the City regulator and FCA.B.There are no formal mechanisms for consumer redress or investor compensation.C. The price of crypto-assets

14、was so volatile that potential gains were large.D. The industry never could be an opportunity for Britain.3. The potential role in money laundering,role inmean by _.A. createB. bringC. helpD. past4. Whats conclusion that the FCA agrees with?A. Bitcoin and similar crypto-assets are ill-suited to reta

15、il investors.B. Investors in this type of crypto-asset should be prepared to lose all their money.C. Accordingly, investors should be prepared to lose all their money.D. The currency is going to work.5.Whats the attitude of some cryptocurrency companies?A. Raging.B. Pessimistic.C. Welcome.D. Opposin

16、g.导读：选自卫报链接为（【文章大意】比特币和其他加密货币被称为狂野的西部资产，由于不受监督，导致消费者的权益得不到保护，风险也增大，而且这些行业助长了洗钱活动，从而使得政府和监管机构采取的行动陷入困境，因此政府开始调控。这些数字货币在金融危机后出现，它允许人们绕过银行和通常的支付流程来支付商品和服务。如果受到适当监管和处理，该行业可能成为英国的机会。代表一些在英国开展业务的加密货币公司也表示欢迎政府这样执行监管，他们也一直在呼吁引入一些政府的监管来提高标准并鼓励增长，愿意配合政府行动。【词汇】词汇点拨：Bitcoin n. 比特币Cryptocurrency n. 加密货币assets n.

17、 资产regulation n. 管理,控制;规章规则unsustainale adj. 不能证实的;不能成立的;不能支持的vulnerability n. 弱点;攻击volatile adj.不稳定的;反复无常的;爆炸性的treasury n.财政部;国库;金库;宝库短语精选：fail to 未能exit to 存在于covered by 被覆盖a peak of 峰值set up 开设;设置argue in 与争论locked out of 被锁定calling for 呼吁【参考答案及解析】1.A【解析】理解题。文章开头讲述了Bitcoin and other cryptocurrenc

18、ies are wild west assetsthat expose investors to a litany of risks and are in urgent need of regulation wildwest，财政部特别委员会的议员表示，比特币和其他加密货币是狂野的西部资产，使投资者面临一连串的风险，这迫切需要监管。故选A，而BCD都是后文提到的，与问题无关。2.D【解析】理解题。文章最后说了However, it saidthat if regulated and dealt with properly, the industry could be an opportunit

19、y forBritain. 不过，它表示，如果受到适当监管和处理，该行业可能成为英国的机会，所以D选项有never与文章相悖，故错误。3.D【解析】细节题。the potential role in money laundering文章说这些潜在因素可以扮演洗钱的角色，即意思是助长洗钱，而选向A.Create创造B.Bring带来D.Past过去代入文中都不符合，应选C 帮助，这些潜在因素帮助助长洗钱。4. D【解析】排除法。文章中原文The FCA agrees with the committeesconclusion that bitcoin and similar crypto-ass

20、ets are ill-suited to retailinvestors, and as we have warned in the past, investors in this type ofcrypto-asset should be prepared to lose all their money.以上句子对应分别对应ABC,故选D。5. C【解析】排除法。政府要调控，那这些被调控的对象cryptocurrency态度是什么呢？文章最后一段CryptoUK,which represents some cryptocurrency companies with operations i

21、n Britain, saidit welcomed the report.用了welcom，故选C。A.Rage愤怒B.Pessimistic悲观D.Oppose反对，这几个选项都没有出现在文中，所以是错误的。【参考译文】财政委员会报告称，是时候调控比特币了财政部特别委员会的议员表示，比特币和其他加密货币是狂野的西部资产，使投资者面临一连串的风险，这迫切需要监管。该委员会在一份报告中表示，这些不受监管的行业使得消费者不能受到保护，这些行业助长了洗钱活动，而政府和监管机构采取的行动已经陷入困境。委员会主席和保守党议员尼基摩根说：不能再这样下去了，比特币和其他加密资产存在于密码资产的狂野西部产业

22、中。这种不受监管的行业让投资者面临众多风险，而且由于高价格的波动，成为交易所的黑客攻击以及洗钱的潜在作用，财政委员会强烈认为应该引入监管。而城市监管机构和金融行为监管局（FCA）则不承保加密资产，也没有正式的消费者补救或投资者补偿机制。该委员会在报告中指出，至少应引入监管措施，以增加消费者保护和反洗钱。报告表示，就目前情况来看，加密资产的价格波动很大，虽然潜在收益很大，但潜在损失也是如此，因此，投资者应该准备好丢掉所有的钱。FCA表示：FCA同意委员会的结论，比特币和类似的加密资产不适合零售投资者，正如我们过去所警告的那样，这类加密资产的投资者应该准备好失去所有他们的钱。财政部发言人表示：我们

23、今年早些时候成立了联合CryptoassetsTaskforce，因为我们希望更好地了解加密资产对人，企业和经济的潜在风险和收益。2017年，比特币价格飙升900以上，12月达到近2万美元的峰值。它的受欢迎程度已经下降，现在一个比特币售价降为约6,270美元。数字货币在金融危机后出现。它允许人们绕过银行和通常的支付流程来支付商品和服务。去年，摩根大通（JPMorgan）首席执行官杰米戴蒙（Jamie Dimon）表示，比特币是一种骗局，只适合毒贩，杀人犯和居住在朝鲜等地的人使用。他说：货币不会起作用。你不能拥有一个人们可以凭空创造货币的企业，并认为购买它的人真的很聪明。财政部委员会表示，加密货币交易所增加了网络攻击的风险，一些丢失密码的散户投资者发现自己被永久地锁定了账户。不过，它表示，如果受到适当监管和处理，该行业可能成为英国的机会。代表一些在英国开展业务的加密货币公司CryptoUK表示欢迎这份报告。CryptoUK主席伊克巴尔甘德姆说：作为一个行业，我们一直在呼吁引入一些政府的监管来提高标准并鼓励增长，行业的自我监管始终是一个起点，而现在必须与政府行动相匹配。