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Americans can have an opportunity to shape future NFT-related laws. This is because the U.S. Treasury Department is seeking public comment, particularly on digital assets and their possible use in crime.
This has been a longstanding problem in the country NFT sector This can be an opportunity for the community to have its voice heard.
The public request consists of 23 questions, including: Risks associated with NFTs Potential actions governments can take to mitigate them.
“Increased use of digital assets in financial activities increases the risk of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption‘ said the document.
Interestingly, the document also asks about a potential central bank digital currency (CBDC). Some countries, such as China, already have one, and there has been talk for years that the US will adopt one.
This public request US government Months after President Biden issued his Executive Order on Digital Assets, we released our first Comprehensive Framework for the Responsible Development of Digital Assets report. That executive order required federal agencies to begin regulating digital assets.
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
