Nigeria has withdrawn tax evasion charges against two Binance executives, following the appointment of a local representative by the world’s largest cryptocurrency exchange to handle legal proceedings in the country.
“We await the court’s ruling on this, discharging Tigran from this matter completely,” stated a Binance spokesperson, emphasising the significance of the court’s decision in clearing Gambaryan of his role in the company’s operations.
Tigran Gambaryan, who has been in custody since February, and Nadeem Anjarwalla, who departed Nigeria in March, were both relieved of their status as defendants in the tax evasion case by Nigeria’s Federal Inland Revenue Service. Despite this development, they, along with Binance, continue to face charges related to money laundering.
“Binance maintains that these charges should also be dropped,” the spokesperson added, echoing the denial of all allegations by both Gambaryan and Anjarwalla.
Nigeria has been grappling with economic challenges exacerbated by cryptocurrency trading, particularly amid persistent dollar shortages and a plunging national currency.
