Cryptocurrency firms told be tougher with Russian sanctions, SEC probes NFTs

Cryptocurrency companies have been informed they must step up their efforts to enforce sanctions on Russia over concerns that digital tokens are being used to sidestep measures.

The US Securities and Exchange Commission has launched an investigation into non-fungible token (NFT) markets and creators for violating securities legislation, according to reports. The SEC demanded information on certain NFTs in past months, particularly surrounding the use of fractional NFTs, according to Cointelegraph.

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