The U.S. Treasury Department has highlighted the risks of fraud in the NFT market, pointing out the potential for money laundering and intellectual property violations. Their report notes that while NFTs are seldom used for terrorism financing, they are frequently exploited in fraudulent schemes like rug pulls and fake sales. The Treasury suggests specific regulations for NFTs and their inclusion in existing digital asset guidelines to improve transparency and prevent illicit activities. #NFT #Fraud #Regulations

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