Her Majesty’s Income & Customs seized 3 NFTs after investigating an try to defraud the general public coffers of one.4 million kilos ($1.9 million).
Round 5,000 kilos price of different crypto property had been additionally seized.
The probe additionally resulted in the arrest of 3 other folks for alleged price added tax reimbursement fraud involving 250 faux corporations.
Nick Sharp, deputy director financial crime at HMRC, stated the seizures of the NFTs, which had now not but been valued, served as a caution to any person who idea they might use crypto property to cover cash.
“We repeatedly adapt to new generation to verify we stay tempo with how criminals and evaders glance to hide their property,” he stated in a commentary.
NFTs are a from of crypto asset that makes use of blockchain to file the possession standing of virtual information reminiscent of pictures, movies or even pieces inside of on-line video games.
