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Nigeria demands Binance disclose top users, executives remain detained
Nigeria is actively seeking information from Binance regarding its top 100 users in the country and transaction history spanning six months.
This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, Binance’s head of investigations, and Nadeem Anjarwalla, the crypto platform’s regional manager for Africa, the Wired reported today. According to Nigeria’s apex bank, the country was losing out on taxes from unregistered crypto exchanges and accused Binance, which it says is operating illegally, of facilitating “illicit flows from sources and users who we cannot adequately identify” to the tune of $26 billion. FT says Nigeria’s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday; there’s a proposed hearing to extend the court order scheduled for Wednesday.
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