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The UK made the first seizure of NFT in connection with non-payment of taxes

The UK made the first seizure of NFT in connection with non-payment of taxes

t recently became known that the U.K. Internal Revenue Service made its first seizure of non-exchangeable tokens in connection with a developer company’s failure to pay VAT tax. The regulator reportedly froze the assets of three companies simultaneously, which had evaded paying state tax by using shell companies and false documents as part of their illegal activities.

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