<\/p>\n
A Nigerian court is reportedly ruling that a detained Binance executive can face trial as a representative of the crypto exchange platform.<\/p>\n
According to a new report<\/a> by Reuters, a Nigerian court ruled that U.S. citizen Tigran Gambaryan \u2013 Binance\u2019s chief financial compliance officer \u2013 can stand trial on behalf of the world\u2019s largest crypto exchange by volume in the ongoing tax evasion and money laundering case against it.<\/p>\n However, according to Binance, Gambaryan does not wield the power to make choices for the firm. As stated by a Binance spokesperson to Reuters,<\/p>\n \u201cWe are deeply disappointed that Tigran Gambaryan, who has no decision-making power in the company, continues to be detained. These charges against him are completely meritless. He should be freed while discussions continue between Binance and Nigerian government officials.\u201d <\/em><\/p>\n Gambaryan is being held responsible by the judge due to his position as Binance\u2019s compliance officer, according to the report.<\/p>\n Gambaryan was first detained<\/a> by Nigerian authorities in April and was charged with money laundering and tax evasion.<\/p>\n Almost a week later, Gambaryan was arraigned on five counts and pleaded not guilty. His charges included operating without a license, tax evasion, unlawfully negotiating foreign exchange rates, and obfuscating the origins of funds.<\/p>\n Earlier this month, Binance chief executive Richard Teng demanded<\/a> that Nigeria release Gamabaryan and said that the company would work with Nigeria to resolve the tax issues.<\/p>\n \u201cLet Tigran go home to his family, and then Binance will work through the same process that we have done with Nigeria\u2019s law enforcement community voluntarily more than 600 times in the past. We will always work to protect innocent users, and bad actors are not welcome on our platform.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Featured Image: Shutterstock\/pixelparticle\/WhiteBarbie<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A Nigerian court is reportedly ruling that a detained Binance executive can face trial as a representative of the crypto exchange platform. According to a new report by Reuters, a Nigerian court ruled that U.S. citizen Tigran Gambaryan \u2013 Binance\u2019s chief financial compliance officer \u2013 can stand trial on behalf of the world\u2019s largest crypto […]<\/p>\n","protected":false},"author":2,"featured_media":304437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-304435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=304435"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304435\/revisions"}],"predecessor-version":[{"id":304439,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/304435\/revisions\/304439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/304437"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=304435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=304435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=304435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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