The latest update: The date is April 19, 2024 at 02:52 am EDT | Read 2 minutes
Tigran Gamaryan is the executive. Along with Another Binance OfficialIs Allegations of money laundering exceeding $35 Million
This is the case. What has been said? You can find out more about it here. adjourned Nigeria’s anticorruption agency is handling the investigation until May 2.
Binance CEO says they are working to resolve the matter
Binance CEO Richard Teng spoke at the Token2049 cryptocurrency conference in Dubai. addressed Gambaryan’s situationThe claim They are We are addressing the problem.
What I can tell you is that we work very closely with Nigerian authorities Try it “Resolve the issue.”
Nadeem Anjarwalla is the second executive. British-Kenyan Last month, he fled Nigeria after serving as the regional manager of Africa.
Anjarwalla, Gambaryan and others had been to Nigeria following the ban of several websites that trade cryptocurrency.
Upon their arrival in Nigeria on 26 February, they were arrested by the Economic and Financial Crimes Commission of Nigeria (EFCC).
In addition to the EFCC’s case, Nigerian tax agency Federal Inland Revenue Service has also charged Binance executives and Binance with tax evasion.
Tax evasion is a serious crime Set To appear in court this Friday.
Binance’s Head of Regional Markets, Vishal Sasseendran, stressed that these detentions are an isolated incident, and unheard-of for Binance.
He declined to make any comments on Binance’s own charges.
Binance Holdings Limited, its CEOs, and other employees are accused of tax evasion and currency speculation. The money laundering charges amount to $35,4 million.
Court documents show that Binance Holdings Limited (now in hiding), Tigran Gambaryan and Nadeem Ajarwalla were charged on March 28, 2020, by the Federal High Court of Nigeria, Abuja.
Charges include illegally negotiating foreign exchange rates and conspiracy to hide the source of illicit funds.
On March 22, Nigerian authorities filed a second four-count complaint against Binance Holdings Limited and Anjarwalla and Gambaryan. They accused them of providing services on their platform to subscribers without registering at the Federal Inland Revenue Service or paying relevant taxes.
Binance receives Dubai license
Binance announced recently that it now has a new website. The regulator in Dubai issued a licenceVARA enables the platform to serve retail customers as well as qualified and institution clients.
Bloomberg reported that Binance founder and former CEO Changpeng Zhao relinquished voting control over the Dubai unit.
Teng, however, dismissed the article as speculative, stating that his company doesn’t comment on speculation in the media and has a confidential relationship with the regulators.
Binance has claimed not to be based in the United States, according to European Union Securities Watchdog.
Teng, when asked by reporters about Binance’s global headquarters choice revealed that Binance has shortlisted possible locations. However, the company did not comment on any specific areas or provide a timeframe for making a final decision.