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US Treasury report outlines potential financial risks of NFTs. The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation. https://home.treasury.gov/system/files/136/Illicit-Finance-Risk-Assessment-of-Non-Fungible-Tokens.pdf
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"This risk assessment recognizes that most money laundering, terrorist financing, and proliferation financing by volume and value of transactions occurs in fiat currency or otherwise outside the digital asset ecosystem via more traditional methods," the report stressed.
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