AS ARTISTS ETC TURN TO NFT, SO DO MONEY LAUNDERERS

On 25 March, Techcrunch reported that the rise in interest in non-fungible tokens, or NFT, now almost matches the level of interest in 2017 in initial coin offerings, or ICO.  It is said that experts in blockchain transactions see the potential for abuse again with NFT, despite the traceable nature of the tokens. 

https://techcrunch.com/2021/03/24/nft_users/

What is an NFT?

https://techcrunch.com/2021/02/26/what-the-nft-vc-david-pakman-dumbs-down-the-digital-collectibles-frenzy-and-why-its-taking-off-now/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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