Nigeria Court Sends Binance Executive to Prison Ahead of Trial in May

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A Binance Holdings Ltd. executive detained for more than 40 days in Nigeria after being invited by the government and then charged with tax evasion and fraud has been sent to prison ahead of trial in May.

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Binance Executives Face Tax Evasion and Money Laundering Charges in NigeriaOne of the executives from Binance, the world’s largest cryptocurrency exchange, appeared in court in Nigeria to face charges of tax evasion and money laundering. The executive, along with another Binance executive, has been charged with four counts of tax evasion and laundering over $35 million. The accused executive will be arraigned for the charges on April 8 and 19.
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