Nigeria has just tabled an astronomical legal action against Binance, demanding $ 81.5 billion. The government demanded $ 2 billion in taxes, but the rest is made up of other fines.
Binance most likely combines the accusations, but none of the parties has yet commented publicly.
Nigeria again takes up Binance
Binance, one of the greatest exchanges of cryptocurrency in the world, had a story troubled with Nigeria. In 2024, the country accused him of tax evasion and said that the scholarship had facilitated the manipulation of illegal currency. It was only the start of the legal battle. Now Nigeria again opens its legal expenses with a trial of $ 81.5 billion.
The reports suggest that the government criticizes Binance for having inflated the currency of the Nigeria. The trial claims that Binance subjected the country to $ 79.5 billion in economic losses.
Shortly after the start of their legal fight in 2024, the country arrested two leaders of Binance. Their detention turned into a major international incident, and the Nigerian government only abandoned the accusations last October. Obviously, the nation campaign against Binance is not over.
Some of the specific charges of Nigeria against Binance include tax evasion, money laundering and foreign exchange violations. Even taking into account this extended list of costs, $ 81.5 billion in damages seem to be an incredibly significant number.
Although the squarely ignorance of the trial is not suitable in the long term, Binance will not be able to return to Nigeria anytime soon. So far, the cabinet has not publicly commented on these procedures, but the reports claim that it disputes the accusations.
Since foreign diplomatic pressure has decisively taken into account the last fight between these entities, the chances of Nigeria do not seem good.
Meanwhile, reports earlier this week suggested that the Nigerian government would be in talks with the balance team, trying to create a part of the same summary as in the case of Javier Milei from Argentina. Overall, the country’s cryptographic scene is far from optimistic.
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