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In a first, the UK tax authority has seized three Non-Fungible Tokens (NFT) as part of a probe into 1.4 million pounds (roughly $1.9 million) fraud case, the BBC reported on Monday.The authority said it was the first UK law enforcement to seize ...
UK authorities have seized three NFTs as part of an investigation into tax fraud..
Three people have been arrested on suspicion of attempting to defraud HMRC in first probe involving NFT seizure.
The U.K.’s tax watchdog seized three nonfungible tokens as part of a suspected case of value-added tax fraud worth 1.4 million pounds ($1.9 million).
This “serves as a warning to anyone who thinks they can use crypto assets to hide money."