Crypto

President Biden Thanks Nigerian President for Binance Exec’s Release: White House

Last week, Igor Gambaryan, who served as the head of financial crime compliance at Binance, was released on humanitarian grounds. This came after he spent eight months in Nigerian custody, during which he was charged with money laundering and tax evasion. Gambaryan was accused of committing these crimes as a proxy for Binance, as the Nigerian government alleged that the company was responsible for devaluing the naira.

Despite the serious allegations against him, the Nigerian government has decided to drop both charges against Gambaryan. However, Binance itself still faces accusations of tax evasion in the country.

It remains to be seen how this development will impact Binance’s operations in Nigeria and beyond. The cryptocurrency exchange has been facing increased scrutiny from regulators around the world, and this incident is likely to further fuel concerns about its compliance with financial regulations.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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