Money laundering by NFT after cryptocurrency is a concern for the government
- Cryptocurrency worth about 8,600 sent to NFT Marketplace in the fourth quarter from a restricted address - In the NFT marketplace, there was an incident where the value of digital assets was artificially increased by 'wash trading'. Cryptocurrency as well as non-fungible tokens (NFT) are becoming a headache for the government. This is because the NFT is being suspected of being misused by terrorist groups and criminals for money laundering and hawala-based transactions. Money laundering is on the rise due to NFT buying and selling. According to a report by blockchain data platform Chainalysis, a small portion of their operations at the NFT marketplace are growing rapidly, which could be attributed to money laundering. Of course, it is difficult to determine the extent of money laundering in real estate. According to a report, in the third quarter of 2031, value sent to NFT Marketplace by unknown or illegal addresses increased significantly, surpassing the કર 1 million cr