Binance Executive Detained in Nigeria Amid Tax Evasion Allegations

Binance Executive Detained in Nigeria Amid Tax Evasion Allegations



In a turn of events that underscores the complex interplay between cryptocurrency exchanges and global regulatory frameworks, Tigran Gambaryan, a key figure at Binance and a United States national, finds himself under detention in Nigeria. His apprehension since March marks a critical juncture in the allegations of tax evasion facing the cryptocurrency exchange giant.



Gambaryan, alongside Binance colleague Nadeem Anjarwalla, ventured into Nigeria to address burgeoning concerns over the exchange's alleged involvement in manipulating the Nigerian fiat currency, the naira. This visit followed accusations leading Binance to announce on March 5 its decision to terminate all transactions in the naira, signaling a strategic withdrawal from the Nigerian market.



Subsequent to this announcement, Nigerian authorities detained Gambaryan and


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#Binance, #CentralBankOfNigeria, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Nigeria, #NigeriaSEC, #Regulations

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