What three-card monte can teach you about NFTs
https://www.disruptingjapan.com/what-three-card-monte-can-teach-you-about-nfts/, posted Jan '22 by peter in cryptocurrency finance
This as been a challenge for the crypto back market. It's easy to get dirty money into crypto, but getting a significant amount out is hard. Most governments classify crypto as a security, so crypto exchanges must follow the same KYC laws as banks.
NFTs solve this problem nicely.
NFTs are instruments that act like securities, but are not regulated as securities.