Cryptocurrencies
Crypto, NFTs Are Rife With ‘Mountains’ of Fraud, IRS Says
- Sees space as ripe for market manipulation, money laundering
- Agency pursuing more collaboration with other federal agencies
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IRS criminal investigators see cryptocurrencies and nonfungible tokens as ripe for fraud, including money laundering, market manipulation and tax evasion -- and even celebrities could get caught up in the agency’s probes.