Her Majesty's Revenue & Customs seized three NFTs after
investigating an attempt to defraud the public coffers of GBP 1.4 million.
Around GBP 5,000 worth of other cryptocurrency assets were
also seized.
The probe also led to the arrest of three people for alleged
value added tax repayment fraud involving 250 fake companies.
Nick Sharp, deputy director economic crime at HMRC, said the
seizures of the NFTs, which had not yet been valued, served as a warning to
anyone who thought they could use crypto assets to hide money.
"We constantly adapt to new technology to ensure we
keep pace with how criminals and evaders look to conceal their assets," he
said in a statement.
NFTs are a from of crypto asset that uses blockchain to
record the ownership status of digital files such as images, videos and even
items within online games. © Reuters