Insights

NFT Fraud Escalates

With a few warning signs of a possible end to the good times with NFTs I’m starting to get concerned. “Officials at Her Majesty’s Revenue and Customs seized three non-fungible tokens as part of a probe into suspected tax fraud.” according to a recent CNBC article. If you are getting into NFTs just to avoid taxes or launder money… just do what the elites do and purchase some modern art. Otherwise we are all going to see a terrible year for NFTs.

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