*Amid the NFT boom, their potential to be used for money laundering has come to light. Hey and thanks for tuning in, Holly Shields here for Kalkine media.
*There is little doubt NFTs are a boon to artists, digital and traditional, with regards to proving and preserving originality of a work. And the various features like ownership rights all make for very useful technology.
*What determines the price of an NFT, essentially, is how much a buyer is willing to shell out for it. This means money launderers can create an NFT that may not be able to attain a high price and buy it themselves with “dirty” money in order to clean it.
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