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Nigeria sets dangerous precedent by detaining our execs — Binance CEO

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The CEO of cryptocurrency exchange Binance, Richard Teng said Nigeria has set a dangerous precedent after its executives were invited to the African country and detained as part of a crackdown on crypto.

The Binance CEO, Teng stated this in a statement on Tuesday, in a his strongest comments yet since the case started in February.

Teng said it was time to speak out against the detention of Tigran Gambaryan, a U.S. citizen and Binance head of financial crime compliance. Teng said Binance executives first held meetings with Nigerian authorities in the country in January.

 

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Binance collaborating with Nigeria to resolve official’s detention — CEOThe CEO of cryptocurrency exchange, Binance, Richard Teng, yesterday said that the company is working very closely with Nigerian authorities following the detention of the company’s Head of Financial Crime Compliance.
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