Nigeria Sues Binance for $81 Billion in Financial Losses and Tax Dues | Firstpost Africa | N18G
Nigeria has filed a lawsuit in opposition to cryptocurrency alternate platform Binance. It’s searching for to compel Binance to pay over $79 billion for the financial losses and $2 billion in tax dues. Binance has already been going through 4 counts of tax evasion in Nigeria. This was after the federal government cracked down on the crypto business final 12 months for fuelling demand for the U.S. {dollars} on the black market and fears that cryptocurrency was getting used to finance terrorism. Binance has denied all the fees that Nigerian authorities have levied on it. The corporate can also be going through robust scrutiny in the USA. What would the result of those authorized challenges have on the way forward for the crypto business in Nigeria? Watch to know extra.
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