Binance Requests Release of Executives Detained in Nigeria
Key Takeaways
- Binance called for the release of Tigran Gambaryan, an executive detained in Nigeria, claiming he lacked decision-making authority within the company.
- Another detained executive, Nadeem Anjarwalla, escaped custody.
- The detention of these executives in Nigeria stems from accusations by Nigerian regulators that Binance contributed to the collapse of NGN and is linked to money laundering and terrorist financing.
Binance, the world’s largest cryptocurrency exchange, announced. Statement calling for the release of company executive Tigran Gambaryan detained in Nigeria.
The detentions followed a dispute that began in February when Nigerian regulators criticized Binance. Contributing to the collapse of the national currency, Nigerian Naira (NGN) Concerns about money laundering and terrorist financing associated with the platform.
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To address these issues, Binance dispatched two executives, Tigran Gambaryan and Nadeem Anjarwalla, to Nigeria. I hope it opens up a line of communication. With the authorities. The results were different from expectations This is because both executives were detained.
In answer, Binance issued a statement asking the Nigerian government not to hold Gambarian accountable. He claims to be a law enforcement expert and not a member of the Binance management team. It says:
Binance respectfully requests that Tigran Gambaryan, who has no decision-making authority at the company, be released from responsibility while discussions are currently ongoing between Binance and Nigerian government officials.
The background to this request is Nigeria has reportedly filed more charges against Binance. Despite attempts by cryptocurrency exchanges to engage in constructive dialogue with local regulators.
meantime, Another detained executive, Anjarwalla, escaped from custody. when the security guard on duty allowed him to visit the mosque to pray. It is known that he left the country using a Kenyan passport.
The unfolding legal saga between Binance and Nigerian authorities highlights the complex challenges cryptocurrency exchanges face navigating global regulation.
These issues led Binance to suspend all services related to NGN in March.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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