Court Orders Binance to Hand Over ‘Comprehensive’ User Data to Nigerian Authorities
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A Nigerian high court has ordered Binance to provide the Economic and Financial Crimes Commission (EFCC) with comprehensive data relating to all Nigerian traders on its platform. The EFCC alleges it has discovered instances of price discovery, confirmation, and market manipulation on the Binance platform. Binance Violates Nigerian Anti-Money Laundering Laws In a fresh development […]
Nigeria sues Binance for $81.5 billion over damages and taxes, alleging tax evasion. Legal battles continue, shaping crypto regulations and Binance’s future. Nigeria has taken legal action against Binance, the world’s largest cryptocurrency exchange. The government is demanding $79.5 billion in economic damages and $2 billion in unpaid taxes. According…
Binance faces four tax evasion charges from Nigeria’s Federal Inland Revenue Service (FIRS). A court in Abuja has scheduled its verdict for October 11. Binance’s lawyer in Nigeria, Ayodele Omotilewa, argued on July 12 to have all charges dropped against Binance due to lack of sufficient grounds. They maintained the…