Brief by Shorts91NewsDesk / 11:15am on 24 Feb 2025,Monday International
Nigeria has filed a lawsuit against Binance, alleging the cryptocurrency exchange owes $81.5 billion in economic losses and back taxes. The Nigerian government claims that Binance operated extensively within the country without proper registration, thereby incurring tax liabilities. This legal action follows previous regulatory challenges faced by Binance in Nigeria, including accusations of illegal operations and foreign exchange manipulation. The outcome of this lawsuit could have significant implications for Binance's operations in Nigeria and its broader global business.
