IN a significant development, leading global cryptocurrency exchange, Binance, has disclosed that it will delist all non-MiCA compliant stablecoins for users in the European Economic Area (EEA) by March 31, 2025. This decision follows recent regulations under the EU’s Markets in Crypto-Assets (MiCA) framework. Essentially, this rule has introduced stricter …
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Binance, the largest crypto exchange in the world pulled in a record $24 billion from its 250 million global user base according to data from Defilama. Binance announced the milestone in a blog post confirming that the inflow recorded by Binance is larger than that of 10 exchanges. Binance attributed the feat …
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THE Nigerian government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who has been facing money laundering trial from detention since April. A lawyer representing the Economic and Financial Crimes Commission (EFCC) – the prosecuting agency – announced the withdrawal of the charges at the Federal …
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THE Federal High Court has announced that it will hear the money laundering case against cryptocurrency exchange Binance and two of its executives next week, more than a month earlier than initially planned. The defence lawyers requested the change in date. The case which was originally scheduled for Oct. …
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Justice Emeka Nwite of the Federal High Court, Abuja, has issued a bench warrant for the arrest of Dr Abraham Ehizojie, the Medical Doctor at the health facility of the Kuje Correctional Centre, over alleged refusal to produce the medical report of the detained executive of Binance Holdings Ltd, Tigran …
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THE detained Binance Holdings Limited’s executive, Tigran Gambaryan, was on Tuesday, whisked into Federal High Court in Abuja in wheelchair. Gambaryan, who dressed in a black T-shirt with a blue jeans trousers, is facing a money laundering charge alongside the cryptocurrency firm. When the matter was called, Gambaryan stood up …
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THE Federal Inland Revenue Service (FIRS), on Friday, re-arraigned Binance Holdings Limited on four-count charge bordering on tax evasion allegations. Nigerian representative of Binance, Ayodele Omotilewa, who was docked, took a plea on behalf of the company before Justice Emeka Nwite of a Federal High Court, Abuja. He pleaded not …
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THE Nigerian Government has denied keeping Binance Executive, Tigran Gambaryan in unsavory prison conditions. The government said Gambaryan was being lawfully detained and had access to quality healthcare facility. Mohammed Idris, the Minister of Information and National Orientation, said Gambaryan also had access to consular services from his country. Read …
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Crypto exchange platform, Binance has expressed relief as the Federal High Court in Abuja cleared its executives, Tigran Gambaryan, and Nadeem Anjarwalla, of tax evasion charges filed by the Federal Inland Revenue Service. The court’s decision came on Friday after the FIRS submitted amended charges that effectively dropped the tax …
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US lawmakers have accused Nigeria of taking a Binance Holdings Ltd. executive “hostage” and urged President Joe Biden to help secure his release. Sixteen Republican congressmen, including Chairman of the House Foreign Affairs Committee Michael McCaul, wrote to Biden to have the case of Tigran Gambaryan referred to the Office …
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