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Recent developments in Nigeria showed that Binance, the world's largest cryptocurrency exchange, was accused of tax evasion by local authorities. 
<h2 id="nigeria-blames-binance-detained-executives-accused-of-tax-evasion">Nigeria Blames Binance, Detained Executives Accused of Tax Evasion</h2> 
The situation escalated as the Nigerian government intensified its conflict with the exchange, leading to the detention of two Binance executives and sparking controversy after reports emerged that one of them had escaped custody. 
According to Reuters, Binance Executive Board Member Nadeem Anjarwalla escaped from custody. 
According to reports from local media outlets today, the Nigerian Federal Internal Revenue Service (FIRS) has filed a criminal complaint against Binance in the Federal High Court in Abuja. 
The charges accuse him of multiple counts of tax evasion, including failing to pay Value Added Tax (VAT), Company Income Tax, failing to file tax returns, and allegedly helping customers evade taxes through his platform. 
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-decided-to-reduce-its-support-for-this-network-usdc-deposits-on-the-network-have-been-suspended/" target="_blank" rel="dofollow">Bitcoin Exchange Binance Decided to Reduce Its Support for This Network! USDC Deposits on the Network Have Been Suspended!</a> 
The announcement of these accusations follows weeks of increased scrutiny and criticism of Binance by the Nigerian government. 
Among the allegations raised by authorities are that the platform facilitated the processing of billions of dollars of suspected criminal funds and manipulated the exchange rate of the local currency, the naira. 
In the midst of this legal battle, an additional layer of controversy has emerged. Premium Times newspaper reported over the weekend that Nadeem Anjarwalla, one of two Binance executives detained by the government, escaped from custody. 
This revelation raised concerns and questions about the circumstances of the escape and its impact on ongoing legal proceedings. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/the-crisis-between-binance-and-nigeria-grows-another-accusation-made-against-binance/">The Crisis Between Binance and Nigeria Grows! Another Accusation Made Against Binance!</a>

The Crisis Between Binance and Nigeria Grows! Another Accusation Made Against Binance!

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