I have speculated that NFT will be the next part of the cryptospace where much of the money laundering and tax evasion might occur. Why is this? This is because NFT is art and much of the art world is unregulated.
However, the lawmakers are beginning to crackdown on the art market. I reckon for the first time in the cryptospace, the government might be there ready, waiting in advance and backed with regulations hehehe.
However, the lawmakers are beginning to crackdown on the art market. I reckon for the first time in the cryptospace, the government might be there ready, waiting in advance and backed with regulations hehehe.
Yep. People are speculating on NFTs, buying jpg images for thousends $ hoping to catch a next 1 mln $ nft not knowing that 99% of the most expensive NFTs are just fake trades to launder money making odds of success much lower than they think.
NFTs are so far the easiest way to launder money in crypto that I know. all you need to do is create an image and buy it using your scam money. Done. You have clean money from selling NFT now.
