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VisitBinance's Tax Evasion Trial Set for October 11 in Nigeria
Jul 12, 2024, 04:13 PM
A Nigerian judge has set the tax evasion trial for Binance to commence on October 11. The cryptocurrency exchange is accused of failing to register for taxes with Nigeria's Federal Inland Revenue Service. Additionally, Binance is facing money laundering charges, although some charges against its executives have been dropped. The trial is seen as part of Nigeria's broader efforts to enforce crypto-related regulations, potentially to align with the Financial Action Task Force (FATF) standards.
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Markets
Yes • 50%
No • 50%
Official court ruling or public announcement by Nigerian authorities
No • 50%
Yes • 50%
Official court ruling or public announcement by Nigerian Federal Inland Revenue Service
No • 50%
Yes • 50%
Official announcements by Binance or Nigerian authorities
Case Dismissed • 34%
Not Guilty • 33%
Guilty • 33%
Official court ruling or public announcement by Nigerian authorities
Guilty • 33%
Case Dismissed • 34%
Not Guilty • 33%
Official court ruling or public announcement by Nigerian Federal Inland Revenue Service
Not Guilty of Both • 25%
Guilty of Tax Evasion • 25%
Guilty of Money Laundering • 25%
Guilty of Both • 25%
Official announcements by Binance or Nigerian authorities