Cryptocurrencies
U.K. Makes First Ever NFT Seizure in Crackdown on Tax Fraud
- HMRC seizes three NFTs, arrests three people in fraud probe
- Case shows efforts to ward-off criminal activity in crypto
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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), in the first ever domestic enforcement action of this kind.