NFTs and crypto-crime don’t necessarily go hand in hand...at least for now

NFTs appear to be more conducive to money laundering, according to a new US report. — AFP Relaxnews

As cryptocurrency use grows worldwide, online crime relating to these virtual assets is also on the rise. However, research suggests that NFTs are less often associated with illegal activities.

Cryptocurrencies regularly make headlines due to their extreme volatility and their use by criminals. The phenomenon is such that crypto-crime amounted to US$14bil (RM58.51bil) in 2021, according to the latest Crypto Crime Report from Chainalysis.