Nigerian Court Adjourns Binance Money Laundering Trial

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In Nigeria, a court has deferred a money laundering trial involving cryptocurrency exchange Binance and two of its top officials until May 17.

This decision came after the exchange’s lawyer expressed that necessary documents hadn’t been served for case preparation.

Binance executives Tigran Gambaryan and Nadeem Anjarwalla face accusations of laundering over $35 million and conducting specialized financial activities without proper licensing. Despite pleading not guilty, the trial awaits further proceedings.

Additionally, Binance and its executives confront tax evasion charges in a separate trial scheduled for the same date, following a pause.

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