HMRC Seizes NFT for First Time in £1.4m Fraud Case, While Cent Marketplace Suspends Most NFT Sales
by janrinok from SoylentNews on (#5W594)
upstart writes:
HMRC seizes NFT for first time in 1.4m fraud case:
The UK tax authority has seized three Non-Fungible Tokens (NFT) as part of a probe into a suspected a VAT fraud involving 250 alleged fake companies.
HM Revenue and Customs (HMRC) said three people had been arrested on suspicion of attempting to defraud it of 1.4m.
The authority said it was the first UK law enforcement to seize an NFT.
NFTs are assets in the digital world that can be bought and sold, but which have no tangible form of their own.
Meanwhile....
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