WHAT ARE WASH TRADING AND MONEY LAUNDERING IN NFT?

On 17 April, the Coin Telegraph published an article consisting of a Q&A – what is wash trading crypto?; how does a wash trade work?; why is wash trading illegal?; how are NFT being used to launder money?; and why is wash trading a problem for the NFT space?

https://cointelegraph.com/explained/what-are-wash-trading-and-money-laundering-in-nfts

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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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