The Islamic State could have used some (three it seems) Non-fungible tokens (NFT) for advertising purposes, possibly for self-financing through virtual currencies. The NFTs were promptly removed, but the story opens up many reflections on a scientist Digital currencies Based on blockchain. Between detractors and super enthusiasts, let’s see what happened and what thoughts can be gleaned from the story on IS-NEWS #1NFT.
Isis NFTs up open cAnd the rare And the IPFS
The news of the relaunch by the Wall Street Journal concerns the creation, publication, and subsequent demolition of three NFTs on several well-known blockchain platforms.
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The Wall Street Journal also reported the comment of a well-known former CIA analyst, Yaya Fanousiso Isis “landing” on blockchain platforms would have only been a matter of time.
The WSJ’s panic was met with a swift response from portals, which removed illegal content in near real time.
US analysts fear the possibility of using this money to finance terrorist activities Islamic country.
However, more separate commenters have indicated that no ISIS non-fungible tokens have been offered for sale on the marketplaces of the portals in which they were “deployed”.
The risk is therefore entirely theoretical, even if nothing prevents this from happening in the future.
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Reactions of specialized newspapers
To be scammed by using the blockchain for advertising purposes is really naiveISIS also posted horrific videos of beheadings on YouTube years ago.
The “pirated” videos of the Islamic State continue to explode on the devices of inexperienced surfers.
What exactly changes, if not the platform? The Wall Street Journal piece, in this case, appears to be Darken the neutral gateswithout any specific reason.
Therefore, it is understandable that cryptocurrency and blockchain newspapers have had harsh reactions to the “news” reported by the Wall Street Journal.
Whether criminal organizations, rogue states, etc., etc. can use cryptocurrency to launder money of illicit origin or to fund illegal businesses is another matter. A well-known fact that has already been widely studiedthat have been discussed and for which many governmental and international countermeasures have been prepared.
In other words, shouting at the scandal is just a way to make the piece clickbait, and perhaps – to discredit the world of virtual currencies, at a historical moment when “real” currencies show some boundaries.
conclusions
Managers of portals offering blockchain services, cryptocurrency and non-fungible tokens know very well that the first risk they face is Post illegal contentfrom child pornography to hate speech, to the financing and propaganda of terrorism.
That is why the advisors of these portals (first) insert different terms of use into the Terms of Use Protective conditions They aim to preserve the “integrity” of the created virtual world, often with effort rather than with a bit of imagination.
The Anti-money laundering regulations It is more than strict and the criminally relevant threshold has, in Italy and at least in Europe, progressed significantly towards protecting the end user and vulnerable subjects that can be exploited by very new technologies.
It is true that the world of blockchain, cryptocurrency, and non-fungible tokens is subject to it Very high levels of speculation It is a context in which less experienced users – that is, almost all ordinary users – are highly vulnerable to scams.
However, as Marco Camissani-Calzollari says, if you don’t understand where the profit is, then the profit…is you.
In short, the world of blockchain, cryptocurrency, and non-fungible tokens is a potentially beautiful environment, however Like everything means it’s neutral: They can be used to create beauty and wealth, but they are not immune to criminal and terrorist acts.
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