Nigeria licensed two local crypto exchanges, which might signal the end of a regulatory crackdown on the industry. Still, authorities' attitude towards crypto remains controversial.
Binance executives Tigran Gambaryan and Nadeem Anjarwalla were excluded from the tax evasion case but remain included in the money-laundering charges. Gambaryan, the only present defendant, is reportedly being held in difficult conditions.
Nigeria licensed two local crypto exchanges, which might signal the end of a regulatory crackdown on the industry. Still, authorities' attitude towards crypto remains controversial.
Binance executives Tigran Gambaryan and Nadeem Anjarwalla were excluded from the tax evasion case but remain included in the money-laundering charges. Gambaryan, the only present defendant, is reportedly being held in difficult conditions.
Federal High Court in Abuja has ordered the detention of Tigran Gambaryan until his bail hearing on April 18. The executive of Binance has pleaded not guilty to money laundering charges in a Nigerian court.
More crypto turmoil out of Nigeria today, with new charges of tax evasion filed against Binance, just days after one of their two detained executives somehow managed to escape custody.
The exchange has ceased activities in the country, but that hasn't stopped the government, which has detained two Binance executives for over three weeks already.
