Whether it is a tangible or intangible asset the identification of provenance is important.

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Whether it is a tangible or intangible asset the identification of provenance is important. The Cent NFT exchange looks to have halted most transactions citing ‘rampant fakes and plagiarism’ as a fundamental problem. In a market estimated at $25Billion in 2021 and heading towards mainstream, this presents a challenge.

Being able to identify the seller, buyer and ownership of an NFT presents a significant challenge for transaction processing. As the market heads towards regulation it is a challenge that NFT markets must address if they wish to maintain confidence.

#cryptocurrency‚ #cryptoregulation‚ #cryptoassets‚ #crypto‚ #nft‚ #cyberlaw‚ #regulations‚ #cryptoregulation #compliance #regulatorycompliance‚ #cbdc‚ #aml‚ #kyc

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