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
Image:

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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