KPK: NFT Potentially Used In Money Laundering

JAKARTA - Deputy Chairman of the Corruption Eradication Commission (KPK) Lili Pintauli Siregar said Non-Fungible Tokens (NFT) could be a means of money laundering. Moreover, this digital file contains a unique identity.

"Regarding NFT, this is a digital file whose identity and unique ownership are verified on a block chain or digital ledger," said Lili during a working meeting with Commission III of the DPR at the parliament complex, Senayan, Central Jakarta, Wednesday, January 26.

Under these conditions, the KPK assesses that NFT can be one of the tools used for perpetrators of money laundering. Not only that, Lili assessed that the purchase of this token could also use money from corruption.

"This of course has the potential to be used in money laundering," he said.

"One can also make this NFT and buy it with illicit money," added Lili.

To close the gap, the KPK will conduct a search later. Even so, Lili believes that if there are corrupt actors who transfer their assets to NFT, the agency can track them down.

"Of course the KPK can trace it forward using block chain technology as well," he concluded.