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What will be the resolution of Binance's legal issues in Nigeria by the end of 2024?
3
Resolution / Starting Odds
Guilty of Tax Evasion • 25%
Guilty of Money Laundering • 25%
Guilty of Both • 25%
Not Guilty of Both • 25%
Official announcements by Binance or 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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Case dismissed • 25%
Binance fined • 25%
Binance executives charged • 25%
Other outcome • 25%
Case dismissed • 25%
Binance fined • 25%
Binance executives charged • 25%
Other • 25%
Dismissal of all charges • 25%
Settlement reached • 25%
Partial charges upheld • 25%
All charges upheld • 25%
Launch new legal strategies • 33%
Settle out of court • 33%
Withdraw from certain markets • 33%
Dismissed • 25%
Settled • 25%
SEC wins • 25%
Binance wins • 25%
Settlement reached • 25%
Case dismissed • 25%
Binance found liable • 25%
Other • 25%
Binance found guilty • 25%
Binance not guilty • 25%
Case dismissed • 25%
Settlement reached • 25%
