Nigerian Court Postpones Detained Binance Officials Hearing

The court has postponed the hearing for a Binance official detained in Nigeria on allegations of tax evasion to April 19. 

According to Bloomberg, this decision came during the executive’s initial court appearance.

Tigran Gambaryan, who leads Binance’s efforts against financial crime, faces accusations including failure to pay taxes such as value-added and corporate income taxes. 

Gambaryan is also charged with helping customers use Binance’s platform to bypass tax obligations. He will stay under the supervision of Nigeria’s Economic and Financial Crimes Commission. The court has also delayed Binance’s session until April 8.

Another high-ranking official from Binance, Nadeem Anjarwalla, who was detained with Gambaryan, left Nigeria last month. Both men visited Nigeria in late February, following an invitation from Nigerian authorities to discuss cryptocurrency operations after the government targeted crypto exchanges to curb currency speculation.

Nigeria, the country with the largest population in Africa, has seen a surge in cryptocurrency adoption as the local currency sharply declined over the past year. The price increase then led to governmental restrictions on crypto exchanges.

Follow Us on Google News
RECENT NEWS

Ether Surges 16% Amid Speculation Of US ETF Approval

New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more

BlackRock And The Institutional Embrace Of Bitcoin

BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more

Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business

Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more

Binance: Tokenized RWA Market Surpasses $12b, Led By U.S. Treasuries

The market for tokenized real-world assets, excluding stablecoins, has surged past $12 billion, according to Binance. Th... Read more

Investors Pivot From PEPE, DOGE, Shift To New Hybrid Exchange Protocol

With memecoins like Pepe and Dogecoin plummeting, investors are turning to DTX Exchange for its hybrid trading potential... Read more

Pepe Unchained ICO Hits $13M As It Nears DEX Listings

Pepe Unchained raises $13M in a top ICO, aiming to tackle Ethereum’s slow speeds and high fees with a memecoin Layer-2... Read more