In a startling development in Nigeria’s ongoing tax evasion case involving Binance, a leading cryptocurrency exchange, a high-ranking executive, Nadeem Anjarwalla, has reportedly escaped detention using a fake passport. The revelation adds a dramatic twist to the unfolding legal saga surrounding Binance’s operations in the country. Binance exec escape Anjarwalla, along with his colleagues, was detained in an Abuja guest […]
A Nigerian financial crimes committee has summoned Binance CEO Richard Teng on suspicions of money laundering and terrorism financing, local newspaper Punch reported. Ginger Onwusibe, chair of the House of Representatives Committee on Financial Crimes, issued an ultimatum for Teng to appear before the committee on or before March 5, Punch said. A failure to honor the ultimatum […]
Nigerian authorities have reportedly detained two senior executives at Binance in a bid to clamp down on naira speculation. As reported by the Financial Times (FT), Binance’s two senior executives have been arrested upon arrival to Nigeria by the Office of the National Security Adviser after the country imposed a ban on multiple crypto exchanges. While the […]
Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered digital asset service provider by the French stock market watchdog AMF, enabling it to offer trading and custody services for bitcoin and other cryptocurrencies. Binance is the largest crypto exchange globally. The company handles spot trading volumes […]
Ubong Abasi
