The tax authority made three arrests in connection with a suspected tax evasion using shell companies and false identification. HM Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, have seized three nonfungible tokens (NFTs) associated with a suspected tax evasion fraud. The tax watchdog claimed it was the first U.K. law…
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From money laundering concerns to the categorization dilemma, these topics will define the emerging regulatory discussion around NFTs. On Feb. 6, the United States Department of the Treasury released a report under the headline “Study of the facilitation of money laundering and terror finance through the trade in works of art.” In fact, only a…
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Yosuke Matsuda draws a line between old-school gaming, which he terms “play-for-fun,” and next-generation, blockchain-based, play-to-earn gaming. Wider adoption of nonfungible tokens (NFT) and play-to-earn games may be on the way, as one of the world’s largest gaming companies sees them as the future of the industry. Yosuke Matsuda, CEO of Square Enix, revealed the…
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