In Nigeria, an American man is caught up in a dispute between the government and the crypto currency exchange Binance. Some lawmakers say that Nigeria is effectively holding him hostage.

The Federal Inland Revenue Service (FIRS) of Nigeria has filed suit against Binance, a leading cryptocurrency exchange, concerning alleged economic losses and tax evasion. The Nigerian government ...

On Feb. 20, Binance’s Nigerian users faced issues trading Tether for naira (Nigeria’s fiat currency) on its peer-to-peer (P2P) platform, marking the start of more significant troubles.

ABUJA (Reuters) - Nigerian authorities on Wednesday denied allegations from Binance's CEO of soliciting bribes, saying the claim was a "diversionary tactic" and an "act of blackmail" aimed at ...

Nigeria remains open to cryptocurrency companies, its information minister told Semafor, even as the government pursues an $80 billion lawsuit against Binance, the world’s largest crypto exchange.

Nigeria has taken legal action against cryptocurrency exchange Binance, demanding $79.5 billion in damages for alleged economic losses and an additional $2 billion in unpaid taxes.

Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back ...

A Nigerian court has adjourned a tax evasion case against Binance to April 30 to allow the local tax authority to respond to a request by the cryptocurrency exchange to annul an order for court ...

Tigran Gambaryan, an executive of Binance, the world's largest cryptocurrency exchange, sits as he waits to face prosecution for tax evasion and money laundering at the federal high court in Abuja ...

Then different Nigerian officials entered the room, demanding that Binance provide granular information about its users in Nigeria — a request the company was unwilling to meet. Mr. Gambaryan ...

According to Uwakwe, the head of Nigeria’s crypto intercommunity working group, investors worry about potential repercussions similar to Binance’s fate when investing in local Web3 companies.