HMRC seizes its first NFT in £1.4 million fraud case

Tom Allen
clock • 3 min read
NFTs are digital assets that can be collected and traded like paintings or stamps

NFTs are digital assets that can be collected and traded like paintings or stamps

It is the first time a UK law enforcement agency has taken control of an NFT in a criminal case, and represents a step forward by authorities as they move to keep pace with change in the digital world

HM Revenue & Customs (HMRC), the UK's tax authority, has seized three non-fungible tokens (NFTs) as part of a probe into a case of suspected tax fraud involving 250 companies. Three people have ...

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