Its Nigerian court has delayed The issue of tax evasion in Binance until April 30, with the country’s tax agency giving more time to respond to the legal deposits of the Stock Exchange, according to the Binance Legal Team.
Nigeria requires $ 81 billion for taxes and unpaid damage
The Federal Invenient Revenue Department (FIRS) requires $ 2 billion of unpaid taxes and 79.5 billion dollars of damage, claiming that Binance operations in Nigeria caused economic damage.
The Binance Court case was delayed in Nigeria because the company argued that it had not been properly notified. Since Binance is located in the Cayman Islands, not physically in Nigeria, its lawyer said that the tax authority needs a special permission to send legal papers via e -mail.
The court has postponed the case to give the time of the Nigeria Tax Agency to formally respond to the Binance Challenge. In the next session, First, First, you are expected to defend e -mail to serve legal documents for maritime exchange.
Nigeria encryption campaign
Nigeria breaks down encryption platforms, accusing them of disrupting the country’s currency market. In 2024, two Binance CEOs were arrested as part of an investigation of its headquarters for encryption. The authorities claim that proteins and similar platforms harm official exchange rates and help the country to leave.
In early 2024, the central bank claimed $ 26 billion in unknown user transactions in Binance. The authorities have requested data on the 100 best users in Binance and their activity for six months. In response, Binance closed its circulation from counterpart to analog (P2P) in Nigeria on February 20, citing the abuse of system and large currency fluctuations. The government also banned access to the Binance website.
A hearing of the main court on April 30 will address Binance’s legal reaction in its tax case. This growing clash highlights the conflict between the innovation of rapid encryption and strict financial regulations in countries such as Nigeria.
Although Binance is not licensed in Nigeria, many locals still use it to trade digital assets and Stablecoins.
