UK Tax Authority Confiscates 3 NFTs in Fraud Case as a First
As part of its probe into a potential value-added tax (VAT) fraud, UK tax authority Her Majesty's Revenue and Customs (HRMC) has confiscated three non-fungible tokens (NFTs) in what represents the first seizure of such a...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
As part of its probe into a potential value-added tax (VAT) fraud, UK tax authority Her Majesty's Revenue and Customs (HRMC) has confiscated three non-fungible tokens (NFTs) in what represents the first seizure of such assets by a British government institution.
On HMRC’s initiative, three persons accused of attempting to defraud the agency of some GBP 1.4m (USD 1.9m) had been arrested, UK broadcaster BBC reported....
Read More: UK Tax Authority Confiscates 3 NFTs in Fraud Case as a First
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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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