U.S. Department of Treasury Identifies Illicit Finance Risks in NFTs

The U.S. Department of Treasury has released a 29-page report titled “Illicit Finance Risk Assessment of Non-Fungible Tokens,” highlighting potential risks associated with NFTs. The assessment reveals that while NFTs and their platforms are seldom used for activities such as proliferation financing, they are highly susceptible to fraud and scams. Traditional fraudulent schemes involving NFTs […]