NFT regulation probes for money laundering and fractional lending launched by the Treasury and SEC

[Redaktion]

Non-fungible tokens may have to be treated like stocks with all the regulatory compliance resulting from that fact, claims a Securities and Exchange Commission probe. Meanwhile, a Treasury Department study says NFTs may need more regulation to avoid money laundering activities pertinent to "high-value art."

https://www.notebookcheck.net/NFT-regulation-probes-for-money-laundering-and-fractional-lending-launched-by-the-Treasury-and-SEC.606024.0.html

[Sam Medley]

I'm surprised this hasn't happened sooner, primarily so that the IRS could more easily track and tax NFT sales.
The government generally doesn't care what you do unless it's blatantly obvious you're breaking the law OR unless you don't pay your taxes.
NFT's are such an insane concept to me. It's like fine art with less rigor and more crime.