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The UK’s tax authority HMRC says it’s the first in the country to seize an NFT. The seizure was made as part of a £1.4 million fraud case. The authority seized £5,000 worth of crypto assets alongside the three NFTs.
London, Feb 14 (IANS) 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
HM Revenue and Customs (HMRC) recently seized non-fungible tokens (NFTs) for the first time amid fears that the digital art is increasingly attracting...
While the tax authority’s warning to the common public is routine, it is important to note that the confiscated digital assets and NFTs were seized as an asset and weren't used as tools for the crime.
Britain?s seizure of blockchain tokens is aimed at taking down VAT fraud ring The UK’s tax authority has seized three NFTs in the co