Are NFTs being used for money laundering? Yes, they are, claims Mr. Whale
Cointelegraph
Published Aug 13, 2021 12:39AM ET
Updated Aug 14, 2021 02:40AM ET
The 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 Bitcoin (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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Written By: Cointelegraph
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