UK tax authority makes first NFT seizure in VAT fraud case
• The tax watchdog claimed it was the first U.K. law enforcement agency to seize NFTs. The NFT seizure came along with the arrest of three people who are suspected of evading taxes using various sophisticated means, reported the BBC.
• The arrested suspects in the case reportedly used fake identities and created 250 fake “shell” companies to evade 1.4 million British pounds ($1.8 million) in value-added taxes.
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