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International Business Times

Business

Marvie Basilan

Binance Faces $81.5 Billion Lawsuit In Nigeria Over Alleged Economic Harm: Report

Binance Tigran Gambaryan Nigeria Lawsuit Nadeem Anjarwalla Crypto Gensler Joe Biden United States SEC

Binance has been slapped with another lawsuit from Nigeria. (Credit: Unsplash)

KEY POINTS

Nigeria reportedly claimed in a Wednesday lawsuit that Binance's business hurt the naira
The country also wants Binance to pay a 26.75% interest rate on its alleged unpaid taxes, as per Reuters
Tigran Gambaryan's case was the most prominent aspect in Binance's legal woes in Nigeria

Nigeria's Federal Inland Revenue Service (FIRS) has filed a lawsuit against Binance, accusing the cryptocurrency exchange giant of hurting the country's economy through its operations.

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