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NEWS: US Treasury warns NFTs present ‘potential money laundering challenges’ in high-value art markets

By Elizabeth Hearst for AMLi

The US Department of the Treasury has warned that non-fungible tokens (NFTs) present “potential money laundering challenges” in high-value art markets. 

In the first three months of 2021, the market for NFTs generated a record $1.5BN in trading, growing 2627% over the previous quarter. 

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