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Nigeria drops tax charges against Binance executives

Cryptocurrency exchange appoints local delegate to face charges of unpaid duty

Nigeria dropped charges of tax evasion against two Binance executives on Friday, focusing allegations of unfiled returns and unpaid duty on the world’s largest cryptocurrency exchange.

The charges against the two men, Tigran Gambaryan, a US citizen, and Nadeem Anjarwalla, a dual UK-Kenya citizen, were dropped but the case against Binance continued, Nigeria’s tax agency said.

Binance, through its local delegate, will now be the sole defendant in the tax evasion case brought by the Federal Inland Revenue Service.

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