U.K. Tax Authority Seizes First NFTs in $1.9M Fraud Case

[NFT_QUEEN]

U.K. Tax Authority Seizes First NFTs in $1.9M Fraud Case

 

• The United Kingdom's tax authority has reportedly seized three NFTs and arrested three suspects on suspicions of tax fraud.
• The NFTs were allegedly used to hide illicit gains.
• The agency said that this was the first time U.K. law enforcement has seized NFTs.

 

“[The NFT seizure] serves as a warning to anyone who thinks they can use crypto assets to hide money from HMRC. We constantly adapt to new technology to ensure we keep pace with how criminals and evaders look to conceal their assets.” 

 

https://cryptobriefing.com/uk-tax-authority-seizes-first-nft-1-9m-fraud-case/?utm_source=tradingview_tickers_old&utm_medium=rss

 

Taxman makes first ever seizure of NFTs

 

https://www.telegraph.co.uk/business/2022/02/13/taxman-makes-first-ever-seizure-nfts/