Coinspeaker
Binance Exec, Who Fled Nigeria, Denies Report of Extradition from Kenya
The supremacy battle between Nigeria and leading cryptocurrency exchange Binance Holdings Ltd, has significantly impacted the exchange operations in the country. With the Nigerian Naira getting devalued against the US dollar at a fast rate, currently exchanging at around 1075 for one US dollar, the government has ramped up its crackdown against unregistered crypto companies.
Starting with Binance, which had the lion’s share, Nigeria has made several moves to get the attention of the company’s top executives.
As Coinspeaker recently reported, the Nigerian government has been working on prosecuting two top executives – Nadeem Anjarwalla, and Tigran Gambaryan- from Binance. The Nigerian government accused the duo of enabling money laundering of up to $26 billion, among other charges.
However, the charges of the duo were cut short last month after Anjarwalla managed to escape from police
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