This type of money laundering has always been possible somewhat easily. Shell companies can be used for that, and look way more legitimate than paying possibly

This type of money laundering has always been possible somewhat easily. Shell companies can be used for that, and look way more legitimate than paying possibly millions of euros on speculative art - I'd imagine that declaring to the tax man that those extra millions you made this year came from a few ms paint drawings would eventually get one caught. Physical art has strict laws about sell value and speculation exactly because of that, if NFTs really take off (somehow), it's easy to imagine that the same scrutiny would follow. I'm curious to understand how NFTs would be used to launder, for instance, drug cash. I often see the expression "money laundering" being used in these discussions without a real understand of how it would work.