For the first time in human history, NFTs are confiscated

in #cryptotrading • 2 years ago (edited)

For the first time in human history, NFTs are confiscated.

The UK Internal Revenue Service (HMRC) has confiscated three unique NFT tokens as part of a tax evasion fraud case.

The tax authority said the case marked the first time in the UK that NFTs had been confiscated. Three people have also been arrested in the fraud case. The detainees used fake identities to set up 250 shell companies. The estimated damage is $1.8 million.

This case is interesting in that NFTs were seized as liquid assets, usually in order to sell them in the future and compensate for losses to the treasury.
Check more at our blog at https://cryptorobotics.co/blog/

2 years ago in #cryptotrading by
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