EddieJayonCrypto
26 Mar 24
Binance, the world's largest cryptocurrency exchange, is facing tax evasion charges in Nigeria, with the African regional manager fleeing the country to avoid arrest. Two Binance executives were detained in Abuja, and the Federal Inland Revenue Service (FIRS) filed a lawsuit against Binance, accusin...
Binance, the world's largest cryptocurrency exchange, is facing tax evasion charges in Nigeria, with the African regional manager fleeing the country to avoid arrest. Two Binance executives were detained in Abuja, and the Federal Inland Revenue Service (FIRS) filed a lawsuit against Binance, accusing the company of multiple tax offenses.
The African regional manager is now on the run, with Nigeria seeking an international arrest warrant for him. Binance has not yet released an official statement on the tax charges and has also discontinued support for the Nigerian Naira.
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