NFTs: UK tax watchdog makes first seizure in crypto criminal crackdown – The National
- Date: 15-Feb-2022
- Source: The National
- Sector:Economy
- Country:Middle East
NFTs: UK tax watchdog makes first seizure in crypto criminal crackdown – The National
The UK's tax watchdog has made its first seizure of crypto non-fungible tokens (NFTs), in a crackdown on suspected criminal activity to hide money.
The HMRC seized three NFTs after investigating an attempt to defraud the public purse of £1.4m ($1.9m).
Three people were arrested on suspicion of attempting to defraud the authority, allegedly using a web of 250 fake companies.
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