The Research of NFT Money Laundering Risks and Regulatory Measures
DOI:
https://doi.org/10.54097/fbem.v6i3.3316Keywords:
Money Laundering, NFT, Cryptocurrency trading.Abstract
Due to the imperfect laws and regulations, China's NFT is still in its infancy. But with the growth of the NFT trade and various digital collections, use NFT carry out crimes that have been quietly carried out around the world, and with them comes the risk of money laundering. At present, there are no clear legal constraints and regulatory regulations for NFT in china. This paper is aimed to disclose the risks behind NFT trading via NFT applications and trade system, the insecure NFT market can be improve by 3 measures: 1. Enhance the reliability of identification for each NFT trading platform. 2. Having access to every transaction on the platform, monitoring trade to promote security. 3. Enhance the entry standard for new trading platform to prevent illegal trade.
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