Binance Executive’s Legal Battle in Nigeria Hits Another Roadblock as Appeal Stalls
The Binance executive's legal counsel criticized the prosecution for the delay in the bail application hearing.
The Binance executive's legal counsel criticized the prosecution for the delay in the bail application hearing.
Nigerian authorities have found Binance executive Nadeem Anjarwalla in Kenya following his escape from custody.
Gambaryan's lawyer presented the case in Abuja, stating client's detention is being used by Nigerian gov to pressure Binance.
The FIRS mentioned the detained Binance execs as the second and third defendants in the lawsuit against the exchange.
Binance is under scrutiny for allegations of money laundering and terrorism financing.
Nigeria detained two senior Binance employees, alleging that the crypto exchange is eroding the value of the country's declining currency.
Binance's peer-to-peer platform had already removed all NGN trading pairs in late February.
Binance traders in Nigeria criticized the exchange for placing a limit on selling USDT on the platform.
The CBN has realized the need to regulate the activities of VASPs as current global trends show the mass recognition
Bitcoin is trading at an all-time high in Nigeria, Turkey, and Argentina as the fiat currencies of these countries continue