Tax departments of several countries warned about the dangers of NFT and cryptocurrencies – Bits Media

Consortium J5, which includes US tax services, Australia, UK, Netherlands and Canada, released a warning about the risks of using NFT for criminal purposes.

In the statement by Joint Chiefs of Global Tax Enforcent (J5) Signs of use are described in detail non -replaced tokens (NFT) and cryptocurrencies for fraud and money laundering. If such features are detected by banks and law enforcement agencies, it is necessary to pay close attention to the participants in the transaction, Check transactions and sources of funds.

As the head of J5 and Deputy Commissioner of the Australian Directorate Will emphasized (Will Day), In the future, the consortium plans to release many more such documents. New manuals will allow you to better fight tax crimes and laundering money using digital assets.

“Most of the owners of cryptocurrencies and buyers of NFT do it completely legitimate. But criminals are constantly looking for opportunities and ways to use new technologies for their activities. Cryptocurrencies and NFT are not protected from this ", - emphasized in the statement.

One of the “red flags” for banks and law enforcement agencies should be a “network” of cryptocurrency addresses, which constantly exchange cryptocurrencies and NFT among themselves. The sale of expensive NFT for small amounts looks suspicious. It is important to monitor the tokens, which are too expensive or too cheap, and constantly move between addresses.

Recently international currency fund (IMF) Once again, he expressed concerns regarding the use of cryptocurrencies by Russians to circumvent sanctions.