Hungary's National Tax and Customs Authority (NAV) seized $1 million worth of cryptocurrency from criminal group involved in consumer electronics trade
According to reports by local news outlets and Hungary's state news wire, the National Tax and Customs Authority has seized $1 million worth of cryptocurrency from a group suspected of evading a staggering three billion Hungarian forints in taxes. NAV's Criminal Directorate for the west of the country carried out raids on 28 locations in one day, taking three members of the criminal ring into custody.
The group is accused of operating in the consumer electronics trade, dealing in products ranging from smartphones and tablets to solar panels.
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