In a significant legal development, Nigerian authorities have taken the initial step of requesting a trial for cryptocurrency exchange Binance and two of its executives on charges of money laundering and tax evasion. This move comes after a thorough criminal investigation into the operations of the trading platform.
During a court hearing in Abuja, Nigeria, only one of the accused executives, an American citizen and Binance’s head of financial crime compliance, was present. The regional manager of the company remains at large after escaping custody in late March.
