This “nft = money laundering” discourse is implicitly “cryptocurrency = money laundering”, and i don’t think that’s a line of thought we want to push at this time. Nft's are not like other cryptocurrencies such as bitcoin. I’m not trying to make the case that nfts are “worth” the amount of money that is being spent on them.
Let Us Start With How Nfts Are Used For Money Laundering Without Losing Time.
Compliance professionals should learn from this. Theta token reddit ama top 7 points! Mitch response, nfts, scammers & many unanswered questions!
You Can Also Sell It To Yourself And Then Sell It Again To Yourself For More Money And Act Like You Bought It From Someone Else And Sold With Profit So.
I am merely suggesting that the way a lot of people. Note that this is how money laundering with traditional art works too. People are now using nfts more and more to buy and sell digital art because they’re a good way to buy and sell digital art.
Create An Nft, Sell It To Yourself For 100K.
Among this illicit value, q4 2021 saw approximately $284,000 worth of cryptocurrency sent to nft marketplaces from addresses with sanctions risk. You can also sell it to yourself and then sell it again to yourself for more money and act like you bought it from someone else and sold. If average person call crypto scam and money laundering, we hate it.
It Is An Activity To Clean The Money Gained Via Illegal Means And Show It As If It Is From A Legitimate Business.
Chainalysis reports that value sent to marketplaces by illicit addresses “jumped significantly” in q3 2021, and grew again to almost $1.4 million in q4 2021. The nft can be link to a specific digital or physical asset or a license for that asset. That nft's are just a way for rich people to launder money.