U.S. Treasury Describes NFTs as ‘Highly Susceptible to Use in Fraud and...

U.S. Treasury Describes NFTs as ‘Highly Susceptible to Use in Fraud and Scams’

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Source: Coindesk.com

The risk assessment is the Treasury's first into NFTs as a means of carrying out fraud and other crimes. The Treasury determined that NFT platforms "lack appropriate controls" to combat money laundering and sanctions evasion.

The U.S. Treasury Department said non-fungible tokens (NFTs) are "highly susceptible to use in fraud and

Read More https://www.coindesk.com/policy/2024/05/29/us-treasury-describes-nfts-as-highly-susceptible-to-use-in-fraud-and-scams/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'" appeared first here Coindesk.com.

Source: Coindesk.com

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