The world of crypto-money just got a new perspective on it! One of the biggest headaches for the popular crypto trading platform, Binance, is the confrontations with the authorities and some of the major figures in their top management.

In Nigeria, the government took two important people from Binance, Tigran Gambaryan and Nadeem Anjarwalla. One of them managed to escape, but the other is still introuble. The government says they didn’t pay their taxes properly, and they’re being blamed for some money problems in the country.

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• Binance is the one in confrontation with the government on what they owe in taxes.
• Two Binance executives were detained in Nigeria, with one escaping custody.
• The exchange operator is subject to regulations boxed in by Philippines and Russia, which has the global market looking over its shoulder.

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Binance Faces Regulatory Difficulties and also has its Leaders Being Detained.

All these problems are multiplying influences which are making life difficult for Binance. It’s not the first time they’ve had problems with governments. Last year, they had to settle a big case with the U.S. government.

People in charge from the U.S. and the U.K. say they know about what’s happening with the Binance bosses in Nigeria. But the bosses’ families are still waiting to see what will happen next.

Everyone is watching to see what happens next with Binance and how it could affect cryptocurrency. If you want to stay updated on the current affairs of cryptocurrency and happenings with Binance, we have our newsletter where you can sign up to.

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