Binance Is Having an Odd Time

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Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

Binance is having a weird moment, perhaps most clearly illustrated by the fact that a national government detained two of its executives for a month now – and one is only free because he seemingly escaped custody.Binance has been the poster child as the target of governments' ire against the crypto industry. Actions like last year's joint U.S.

A U.S. State Department spokesperson told CoinDesk the entity was"aware of reports of the detention of a U.S. citizen in Abuja, Nigeria," while a spokesperson for the U.K.'s Foreign, Commonwealth & Development Office said,"We are supporting a British man detained in Nigeria and are in contact with the local authorities."

A spokesperson for Yuki Gambaryan and Elahe Anjarwalla, Tigran and Nadeem's wives, told CoinDesk earlier this month that they were not yet aware of any specific actions taken by the various governments. Polygon Labs paid Starbucks $4 million to host its NFT loyalty program Odyssey, which Starbucks shut down earlier this month.

 

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