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UK tax authority makes first NFT seizure in VAT fraud case -Breaking

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Her Majesty’s Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, has seized three nonfungible tokens (NFT) associated with a suspected tax evasion fraud.

According to the tax watchdog, it claimed that NFTs were first seized by a U.K. police agency. Along with NFT seizures, three individuals were also arrested on suspicion of tax evasion using different sophisticated means. reportedBBC.