Are NFTs being used for money laundering? Yes, they are, claims Mr. WhaleThe nonfungible token (NFT) space has been a hive of activity over the past month or so, but there could be more going on than meets the eye as concerns emerge over the sector’s involvement in money laundering and tax evasion.
Crypto investor and uber-bearish crypto commentator Mr. Whale has drawn attention to the darker side of the burgeoning NFT space. In a blog post earlier this week, the (BTC) early adopter attributed the popularity and notoriety of NFTs to their ability to facilitate money laundering and tax evasion for the wealthy.
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