UK makes first seizure of NFTs in tax crackdown


FILE PHOTO A pedestrian walks past the headquarters of Her Majestys Revenue and Customs HMRC in central London February 13 2015. REUTERSStefan Wermuth

FILE PHOTO: A pedestrian walks past the headquarters of Her Majesty's Revenue and Customs (HMRC) in central London February 13, 2015. REUTERS/Stefan Wermuth

LONDON (Reuters) - British tax authorities said on Monday they had made their first seizure of non-fungible tokens in a crackdown on suspected criminal activity to hide money.

Her Majesty's Revenue & Customs seized three NFTs after investigating an attempt to defraud the public coffers of 1.4 million pounds ($1.9 million).

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