Nigeria Slams Binance With Tax Evasion Charges as Detained Exec Escapes: Report

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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.from local media Premium Times, the Federal Inland Revenue Service 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 accusations against Binance come as the Nigerian government scrutinizes the exchange for money laundering and terrorist financing activities. Last week, the Federal High Courtthe crypto trading firm to release comprehensive data of all local users trading on its platform and information on its transaction records for the past six months.

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