Though Nigeria’s tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.
The approving authority behind this taxation remains unclear, whether it’s the Nigerian government or an agency like the Federal Inland Revenue Service (FIRS).
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics.
The conservative members of the U.S. Supreme Court sided with two majority opinions that could have lasting implications for federal agencies to enforce laws.
The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets.