NFT Is Another Source of Money Laundering?
Non-Fungible Tokens (NFTs have taken the world of digital art by storm with many popular faces stepping into the digital art sphere to score some luck. From many people turning their full-time attention to creating NFTs to many focusing on buying these rare NFTs for future profits. NFTs are ruling and they will keep on ruling until something else more powerful and engaging emerges in the decentralized world.
However, this fun and engaging trend have more things going on than meets the eye. Many are concerned over its involvement in money laundering and forgeries. Crypto criminals are using the NFT marketplaces to manipulate their taxes and fool the authorities. Our article will be disclosing the possible threats that emerge with NFTs rise and how we should be careful.
How They Can Help Criminals in Money Laundering?