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What will be the outcome of Binance's money laundering trial in Nigeria by the end of 2024?
2
Resolution / Starting Odds
Guilty • 33%
Not Guilty • 33%
Case Dismissed • 34%
Official court ruling or public announcement by Nigerian authorities
Story
Binance'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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