US Treasury advises financial regulators to consider guidelines for NFTs due to pandemic popularity, addressing risks of scams and money laundering.
The US Treasury Department advises financial regulators to consider new guidelines for NFTs due to their growing popularity amid the pandemic. NFTs are vulnerable to scams and can facilitate money laundering, posing significant risks for illicit finance. Regulation of NFTs should not overshadow other priorities, as US regulators work to improve digital asset market policing.
May 29, 2024
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