US Treasury seeks public input on NFT – NFT Plazas
The American public may have the opportunity to shape NFT-related legislation in the future. It comes as the US Treasury specifically calls for comments from the public about digital assets and their potential use in crime.
This has been an ongoing problem for a long time NFT sector All over the world and this can be an opportunity for the community to hear its voice.
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There are 23 questions in the public inquiry which include: Risks associated with NFTs and possible steps that can be taken by the government to mitigate them.
“The increasing use of digital assets in financial activities increases the risk of crimes such as money laundering, terrorism and proliferation financing, fraud and theft schemes, and corruption.” said the document.
Interestingly, the document also asks about a possible central bank digital currency (CBDC). Several countries, such as China, already have one, and there has been some talk of the United States adopting it for several years.
This public request comes just a few days later US Govt released its first ‘Comprehensive Framework for Responsible Development of Digital Assets’ report and a few months later President Biden released an executive order on digital assets. That executive order demands that federal agencies begin work to regulate digital assets.
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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.
Tokoni Ooty has written extensively on blockchain and cryptocurrency over the years. His work has appeared on sites such as BTCmanager and Blockchain Reporter. He has a degree in Corporate Communication.
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