How NFTs can be used for “Wash Trading”

The new avatar of Black Money and Corruption is NFTs and Crypto Currencies. The Meta Verse as a technology platform is also being used to promote NFTs and Crypto Currencies just as the Block Chain platform.

This is for the attention of those conspirators who are trying to get Crypto Currencies and NFTs legitimized through the “Technology Innovation” argument and to draw the attention of Mr Narendra Modi that his fight against Black Money is not complete without taking it to the Digital Black Money.

Here is an interesting article on NFTs and how they can be used for money laundering from Chainalysis blog.

https://blog.chainalysis.com/reports/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering/

Naavi

About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance
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