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Has anyone done an analysis of NFTs being used for money laundering? Seem like they'd have most of the benefits of art plus most of the benefits of crypto. I
by cwkoss 6y ago
Has anyone done an analysis of NFTs being used for money laundering? Seem like they'd have most of the benefits of art plus most of the benefits of crypto.
I suspect NFTs will continue gaining in popularity, if only for this alone.
- deleted 6y ago[deleted]
- herbst 6y agoWhy? Trading histories for NFTs are usually fully public. There are so many other things like ponzi smart contracts that move millions every day that using NFTs doesnt sound so appealing
- cwkoss 6y ago1. Buy NFT with clean funds 2. Bid 10-100x price on NFT with dirty funds, buy it 3. Clean fund account gets a big multiplier on funds in a "clean" way
- herbst 6y agoTake a look at dappradar or so to get a feel for how much money is flowing trough different types of smart contracts. I still think it does not open any money washing doors that have not been wide open anyway