The Federal Judicial Police (PJF) of East Flanders has seized for the first time NFTs (digital objects certified as unique and unforgeable by “blockchain” technology) following searches as part of a money laundering investigation, has she announced on Tuesday.
During two house searches as part of this investigation, the PJF of East Flanders seized a total of more than 547,000 euros in property. There was a large amount of silver and gold coins (worth 346,000 euros) and cryptocurrencies (worth 175,000 euros), as well as NFTs (worth 26,000 euros). This is the first time that the Belgian police have seized NFTs.
NFTs are digital objects certified unique and tamper-proof by “blockchain” technology. The principle is often applied to digital art and collectibles, which also makes it possible to speculate on their value. The buyer can also in turn resell the NFT on a currently unregulated market through their proof of ownership.
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