Nigeria sets dangerous precedent by detaining Binance execs, CEO says

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The CEO of cryptocurrency exchange Binance on Tuesday accused Nigeria of setting a dangerous precedent after its executives were invited to the African country and then detained as part of a crackdown on crypto.

Tigran Gambaryan, an executive of Binance, the world's largest cryptocurrency exchange, sits as he waits to face prosecution for tax evasion and money laundering at the federal high court in Abuja, Nigeria April 4, 2024. REUTERS/ Abraham Achirga/File PhotoLAGOS, May 7 - CEO Richard Teng said in a statement it was time to speak out against the detention of Tigran Gambaryan, a U.S. citizen and Binance head of financial crime compliance.

Teng said Binance executives first held meetings with Nigerian authorities in the country in January.

Source: Digital Coin News (digitalcoinnews.net)

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