Nigeria

The post Tigran Detained!? Binance CEO Demands Release of Employee in Nigeria appeared first on Coinpedia Fintech News Binance Holdings Ltd. CEO Richard Teng has taken a bold stance, demanding the release of Tigran Gambaryan, detained by the Nigerian government for over 70 days. Teng asserts Gambaryan’s innocence, calling the detention a scapegoat strategy.Newly discovered information suggests that Nigerian officials tried to force Binance representatives into a secret cryptocurrency settlement during meetings in early 2024. In a strongly worded blog…

The post Nadeem Anjarwalla: Binance Executive Arrested In Kenya, Extradition To Nigeria This Week appeared first on Coinpedia Fintech News Binance executive Nadeem Anjarwalla, who fled Nigerian custody, has been found and faces extradition or deportation from Kenya to Nigeria via Interpol this week. Nigeria’s Federal High Court has postponed the Binance tax evasion trial to May 17. Another Binance executive, Tigran Gambaryan, who was previously detained together with him, is still in custody awaiting trial. They have serious financial…

Binance executive Tigran Gambaryan remained entangled in a legal battle with Nigeria’s Economic and Financial Crimes Commission (EFCC) with his bail application hearing being postponed yet again. The Federal High Court in Abuja adjourned his case after the EFCC’s lawyer requested more time to respond to new issues Gambaryan’s defense team raised. Gambaryan’s Appeal Adjourned According to a local news report by Nairametrics, the presiding judge, Justice Emeka Nwite, consented to postpone the proceedings at the request of the EFCC’s…

The post Binance Executive Remains Detained in Nigeria Amid Money Laundering Allegations appeared first on Coinpedia Fintech News Binance’s legal troubles never end, as one of their executives is still imprisoned in Nigeria. Binance ‘s new CEO, Richard Teng, ceases his efforts to negotiate with the Nigerian authorities to set Tigran Gambaryan, a Binance executive, from prison.  Binance Exec Still Behind Bars Gambaryan, the head of financial crime compliance at Binance, along with Nadeem Anjarwalla, who has fled the jurisdiction,…

Binance executive Nadeem Anjarwalla is facing extradition from Kenya following his escape from custody in Nigeria. He was spotted after a manhunt was launched from Nigeria that led the authorities to Kenya, where his whereabouts were discovered. Binance Executive Set to Be Extradited According to a local report, the Nigerian government is working on extraditing Anjarwalla back to Nigeria in collaboration with Interpol and Kenyan authorities. The Binance executive will face charges related to the alleged manipulation of the Naira…

The Nigerian government has slammed the world’s largest cryptocurrency exchange, Binance, with four counts of tax evasion charges as the saga between the entities deepens. According to a report from local media Premium Times, the Federal Inland Revenue Service (FIRS) filed the charges at a Federal High Court in the nation’s capital, Abuja, on March 22, the same day Nadeem Anjarwalla, one of the Binance executives detained since February, escaped from the custody of the Economic and Financial Crimes Commission…

The Nigerian central bank remains hostile to anything crypto besides a CBDC. Still, one high-level minister is defending the industry. Clem Agba, minister of state for budget and national planning, is calling for more precise and more welcoming regulation of the space. Like the United States, Nigeria struggles to classify crypto assets using existing financial terms correctly. Fighting For Crypto In Nigeria Minister Agba spoke about regulating the industry at a conference this Thursday, as reported by Bloomberg. He said…

Twitter CEO Jack Dorsey has endorsed the protests taking place in Nigeria against police brutality. In a tweet on October 14, Jack urged his followers to donate Bitcoin to the #endSarse campaign. He also shared a link to a special fund run by a group of Nigerian feminists fighting against police injustice in the nation. The protest began two weeks ago when thousands of youths took to the streets to protest against police brutality. This protest was focused on a special…

Africa is the second-largest and second most populated continent globally but isn't at the forefront of traditional ventures. However, in the wake of blockchain technology and the cryptocurrency market, it is due to a significant change. Ghana, South Africa, Uganda, Kenya, and Nigeria are among the top ten countries with the highest Google search for 'Cryptocurrency.' Furthermore, African countries are laying the necessary foundations for the cryptocurrency industry to thrive.  Bitcoin advocate and Twitter founder Jack Dorsey noted in 2019…