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The study focuses on high-value art, such as paintings, drawings, and sculptures that are sold in traditional, in-person art market venues, or online through certain marketplaces, and digital art sold through internet marketplaces
The study focuses on high-value art, such as paintings, drawings, and sculptures that are sold in traditional, in-person art market venues, or online through certain marketplaces, and digital art sold through internet marketplaces
With the advent of blockchain technology, vendors are increasingly accepting payments of goods, including artwork, with digital currency. The decentralized nature of digital currency makes it attractive for a lot of reasons, but it also makes legal oversight a challenge.
The FSOC finalized interpretive guidance on its authority to require the supervision and regulation of certain nonbank financial companies, the Treasury examined aspects of the high-value art market that could present money laundering risks, and more.