NFTs and Money Laundering - Are Fraudsters Becoming Artists?
FICO
AUGUST 4, 2021
In part 1 of this blog series my colleague defined NFTs or Non-Fungible Tokens. I think NFTs are even better for illicit purposes than traditional art, simply because the hurdles are lower. So, how do criminals go about using NFTs to launder money? Four steps to using NFTs for money laundering: Create the artwork.
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