Nigeria Sues Binance for $81 Billion in Economic Losses and Tax Dues | Firstpost Africa | N18G
Nigeria Sues Binance for $81 Billion in Economic Losses and Tax Dues | Firstpost Africa | N18GNigeria has filed a lawsuit against cryptocurrency exchange platform Binance. It is seeking to compel Binance to pay over $79 billion for the economic losses and $2 billion in tax dues. Binance has already been facing four counts of tax evasion in Nigeria. This was after the government cracked down on the crypto industry last year for fuelling demand for the U.S. dollars on the black market and fears that cryptocurrency was being used to finance terrorism. Binance has denied all the charges that Nigerian authorities have levied on it. The company is also facing tough scrutiny in the United States. What would the outcome of these legal challenges have on the future of the crypto industry in Nigeria? Watch to know more.
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