HMRC seizes NFTs for first time amid fraud inquiry
by Rupert Neate from Technology | The Guardian on (#5W49J)
Move is part of an investigation into suspected VAT fraud scheme involving 250 fake companies
The UK tax department has seized three non-fungible tokens (NFTs) as part of an investigation into a suspected VAT fraud scheme involving 250 fake companies.
HM Revenue and Customs said on Monday it had seized the NFTs and arrested three people on suspicion of attempting to defraud it out of 1.4m. It is the first time a UK law enforcement agency has seized an NFT.
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