Experts warn NFTs used for money laundering and wash trading
RN Breakfast - Separate stories podcast
English - July 07, 2022 20:20 - 8 minutes - 7.63 MB - ★★★★ - 9 ratingsNews Commentary News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Boris Johnson to step down as Prime Minister
Next Episode: 'Napalm girl' Kim Phuc on her life as an advocate
NFTs or non-fungible tokens have variously been described as code, the saviour of the art world, or a complete scam.
There are also huge concerns they're being used to commit financial crime, like wash trading, money laundering, and ransomware, according to visiting experts Professor Colin King and Dr Saskia Hufnagel.