Nigeria jails Binance executive amid cryptocurrency controversy
Key Takeaways
- Binance’s decision to leave Nigeria was complicated by the detention of two senior executives, Tigran Gambaryan and Nadeem Anjarwalla, in Abuja.
- The executives were detained after meeting with Nigerian officials to discuss the government’s concerns about Binance’s operations.
- Despite efforts by the US and UK governments to intervene, Nigerian authorities have yet to provide a reason for the detention.
Binance We found two senior executives. Tigran Gambaryan and Nadeem Anjarwalla; Detained in Nigeria.
The executives, who are American and British citizens, were detained in Abuja for two weeks without passports.nevertheless The cryptocurrency exchange recently announced that it would cease operations in Nigeria.
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Their detention comes. After meeting with Nigerian officials To resolve disputes regarding the operation of cryptocurrency exchanges.
Gambaryan, who leads Binance’s criminal investigation team, and Anjarwalla, the Kenya-based regional manager for Africa, were initially in Nigeria for talks with the government. In this meeting Concerns about Binance It affects the Nigerian currency and illicit financial flows are suspected.
But the discussion quickly deteriorated, February 26, 2024 Unexpected detention in a government guest house.
The situation attracted international attention, both The US State Department and the UK Foreign Office are intervening on behalf of detained citizens. Despite these efforts, Nigerian authorities remain silent It explains the reasons for the detention or any charges being considered against Binance executives.
Gambarian’s wife, Yuki Gambarian, expressed her concerns:
There is no clear answer to anything. How is he doing, what will happen to him, when will he return, and not knowing that is killing me.
Binance reportedly dedicated to solve the problem, It emphasized the integrity of the detained executives and their cooperation with Nigerian authorities. The cryptocurrency exchange hopes for a quick resolution so that Gambaryan and Anjarwalla can safely return to their families.
This situation raises concerns about the safety and freedom of the international business workforce and the instability of cryptocurrency regulation around the world.
Binance’s parting ways with the Nigerian market follows the cryptocurrency exchange’s recent suspension of all services related to the Nigerian Naira (NGN).
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