Nigeria Court Postpones Trial of Binance Executive Tigran Gambaryan Till October 9
CryptoNewsTerminal Staff04 Sep, 2024
Nigeria Court Postpones Trial of Binance Executive Tigran Gambaryan Till October 9
A Nigerian court has adjourned the trial of Binance executive Tigran Gambaryan, who is currently detained in the country, until October 9, Cointelegraph reported. The hearing will determine whether Gambaryan will be granted bail. Gambaryan has been in custody since his arrest in December 2022 on charges related to operating an unlicensed cryptocurrency exchange. The charges stem from an investigation by the Nigerian Economic and Financial Crimes Commission (EFCC), which accused Binance of operating without a license and facilitating money laundering. Binance has denied the allegations and has stated that it is cooperating with the authorities in Nigeria. The company has also said that it is committed to complying with all applicable laws and regulations. The adjournment of Gambaryan's trial is the latest development in a case that has been closely watched by the cryptocurrency industry. The outcome of the trial could have significant implications for the regulation of cryptocurrency exchanges in Nigeria and other countries.
