UK art dealers are now subject to the same types of money laundering obligations as securities dealers and banks in many jurisdictions.
https://news.artnet.com/market/uk-money-laundering-regulations-1780056
Post by twetch#3905
👀 wow, about time this happened.
What the chain says
- Block
- 622 813
- Time
- 2020-02-19T23:36:14Z
- Signer
- 1Hg49FxYmmB9N1s7pMYKSgnNUqs8AtB8R8
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#3905
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Hg49FxYmmB9N1s7pMYKSgnNUqs8AtB8R8 VerifiedReplies (1)
Given that you can buy art using crypto in many places, I consider this a good thing. Crypto exchanges KYC you. Off ramps KYC you. Why wouldn't art dealers selling pieces for millions have to do the same? So I agree...this is overdue.