generally digital currencies that are not securities are commodities, subject to the anti-fraud and anti-manipulation jurisdiction of the ommission. Thus, it is unclear how and whether NFT platforms will be held legally accountable for counterfeit NFTs.
Further, money-laundering concerns that have plagued financial institutions and, to a lesser extent, a subset of creative industries, now extend to every creative industry involved in NFTs, as the tokens themselves pose unique money-laundering issues, coupled with the fact that platforms often facilitate purchases and sales of NFTs through cryptocurrencies.
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