UK authorities seize NFTSs over $1.9 million in suspected tax fraud | Engadget

Brasil Notícia Notícia

UK authorities seize NFTSs over $1.9 million in suspected tax fraud | Engadget
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 engadget
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

UK authorities seize NFTSs over $1.9 million in suspected tax fraud

, and British authorities hope to clean them up.HM Revenue and Customs has seized three NFTs as part of investigation into potential tax fraud. The suspects allegedly used 250 fake companies, false identities, prepaid phones, VPNs and other techniques to hide themselves as they sought to defraud the UK tax office of £1.4 million .

HMRC obtained a court order to take the unvalued NFTs as well as crypto assets worth roughly £5,000 . This is the first time UK law enforcement has seized NFTs, the authority said. The investigation is still ongoing. However, economic crime deputy director Nick Sharp believed the seizures would"serve as a warning" to other would-be crypto fraud perpetrators.

The lack of regulations and other protections around NFTs has led to significant problems with fraud and scams, including

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

engadget /  🏆 276. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

VR-related claims increased by 31 percent in 2021, says UK insurance firm | EngadgetVR-related claims increased by 31 percent in 2021, says UK insurance firm | EngadgetInsurer Aviva said last year it saw a 31 percent increase in home contents claims involving VR headsets and a 68 percent overall increase since 2016..
Consulte Mais informação »

UK taxman siezes first NFTs in £1.4 million fraud probeUK taxman siezes first NFTs in £1.4 million fraud probeHMRC said it is 'warning to anyone who thinks they can use crypto assets to hide money.'
Consulte Mais informação »

UK Authorities Seized 3 NFTs in a $1.9 Million Fraud Case (Report)UK Authorities Seized 3 NFTs in a $1.9 Million Fraud Case (Report)The UK tax authorities confiscated three NFTs and $6,700 worth of cryptocurrencies and detained three people in its latest crackdown against monetary crimes.
Consulte Mais informação »

UK tax authority makes first NFT seizure in VAT fraud caseUK tax authority makes first NFT seizure in VAT fraud caseThe chief tax authority in the United Kingdom, have seized three NFTs associated with a suspected tax evasion fraud. The seizure came along with the arrest of three people who are suspected of evading taxes using shell companies and false identification.
Consulte Mais informação »

UK health officials tracking hybrid COVID-19 strain of Delta, Omicron variantsUK health officials tracking hybrid COVID-19 strain of Delta, Omicron variantsIn a report published Friday, UK health officials revealed Deltacron is officially being monitored as a legitimate threat, The Mirror reported.
Consulte Mais informação »

The Week Ahead - UK CPI, unemployment, FOMC minutesThe Week Ahead - UK CPI, unemployment, FOMC minutesUnemployment in the UK fell back to its lowest level since July 2020 in the three months to November, however the fall to 4.1% was overshadowed by a fall in wages to 3.8%. Inflation
Consulte Mais informação »



Render Time: 2025-03-03 12:51:56