Nigerian government holds Tigran Gambaryan as apparent collateral for charges levied at cryptocurrency firm Binance amid a failing economy and soaring inflation.
The nightmare continues for an American security expert for cryptocurrency firm Binance, Tigran Gambaryan, who was remanded on Monday to Nigeria’s notorious Kuje prison after he pleaded not guilty to charges relating to tax evasion and money laundering.
Soaring inflation and the diminishing value of Nigeria’s currency, the naira, has prompted millions of Nigerians to look to cryptocurrency as a more reliable method to protect their finances. NIGERIANS PROTEST OVER SKYROCKETING INFLATION AS LOCAL CURRENCY HITS RECORD LOW VALUE Binance is the most popular cryptocurrency exchange in Nigeria, with some 13 million customers and nearly $57 million worth of transactions reported in 2023, according to the "Click Here" podcast.
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