Here’s When the Verdict for Binance’s Tax Evasion Trial Is Scheduled
Binance, a major cryptocurrency platform, faces accusations of failing to register with Nigeria’s Federal Inland Revenue Service (FIRS) and four counts of tax evasion.
The High Court in Abuja has set October 11 as the date for the verdict in Binance’s tax evasion trial.
During a recent court session on July 12, Binance’s lawyer, Ayodele Omotilewa, pleaded not guilty to all charges before Judge Emeka Nwite.
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Omotilewa argued for the charges to be dismissed, similar to the previous dismissal of charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla in June.
Following the appointment of a Nigerian representative by Binance to oversee local operations, the Federal High Court in Abuja cleared Gambaryan and Anjarwalla of tax evasion charges.
The court has adjourned the case until October, allowing time for both the defense and prosecution to prepare their cases and review evidence.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
