Binance has been charged with a three(3) criminal count charges by the nigerian government
- Money laundering of billions unaccounted dollars passing through the system
- Tax Evasion
- Terrorism and organized crime financing
Binance has recently been a trending topic in Nigeria following recent involvement as one of the biggest cryptocurrency exchanges in the country.
trendingossips.com earlier reported that binance executives who visited nigeria has been detained by the Federal government as they fight the increasing dollar to naira rates.
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Binance has been charged with a three count charge of money laundering, tax evasion and terrorism, PREMIUM TIMES reported that the identities of the two detained binance executives is an american and the other a british-pakistani and they are co-operating with nigerian government.
in a bid to quash this charges against the cryptocurrency and blockchain giant, the federal government of nigeria has demanded what they rather call a small settlement of $10billion.
Authorities say the cryptocurrency exchange is not listed with the nigerian security exchange commission to conduct business in nigeria and also indicated that nigeria has lost $26billion with illegal transactions through binance.
This charges are not far fetched because this is coming after binance pleaded guilty to pay $4.3 billion to settle criminal money laundering charges by the united states government.
