Binance CEO says crypto payment was demanded to settle allegations in Nigeria
- Binance CEO Richard Teng released a statement regarding the detention of Tigran Gambaryan in Nigeria.
- Teng criticized the detention, stating that it sets a dangerous precedent for companies worldwide.
- Allegations of tax evasion and money laundering have been made against Binance and its employees in Nigeria.
The detention of Binance employee Tigran Gambaryan in Nigeria is concerning and raises questions about the country's treatment of foreign businesses. The allegations of tax evasion and money laundering should be thoroughly investigated, but it is important to ensure a fair and transparent process. The situation highlights the challenges faced by cryptocurrency exchanges in navigating regulatory frameworks in different countries.
