Sotheby's and other art dealers are not regulated by the BSA. They are not considered money exchangers since art isn't considered a financial asset. They do ha

Sotheby's and other art dealers are not regulated by the BSA. They are not considered money exchangers since art isn't considered a financial asset. They do have a voluntary BSA compliance program, but voluntary doesn't mean mandatory. Can NFTs really be sold as 'art' or are they just a crypto? I think they are cryptos since they point to an art file at a url. Art has to be visual, or at least experienced, so the machine code or source code that encodes the digital art, even if put inside the NFT itself would still not be art. Since NFT is a crypto, doesn't matter if just 1, or 1 of many, Sothebys is doing money transmission when it auctions NFTs.