Binance’s Nigerian Tax Evasion Case Adjourned to April 30 Amid Legal Dispute

A Nigerian court has postponed the tax evasion case against Binance to April 30, following the exchange’s legal challenge against the method of serving court documents. The case highlights ongoing regulatory tensions between Binance and Nigerian authorities.

Nigerian Court Adjourns Binance Tax Case to End of April

A court in Abuja has adjourned Nigeria’s ongoing tax evasion case against Binance, which is incorporated in the Cayman Islands, to April 30. The adjournment follows legal challenges from Binance contesting a February court order that allowed Nigeria’s Federal Inland Revenue Service (FIRS) to serve legal documents via email. Binance has argued the FIRS did not obtain proper authorization to serve papers outside the country, as the company has no physical office in Nigeria. The Nigerian government is demanding $2 billion in back taxes and $79.5 billion in damages, alleging Binance’s activities caused significant economic harm and contributed to the devaluation of the Naira.

Pakistan Taps Binance Founder as Strategic Advisor to Crypto Council

Changpeng Zhao (CZ), the former CEO of Binance, has been appointed as a strategic advisor to Pakistan’s newly established Crypto Council (PCC). In this role, CZ will help shape Pakistan’s regulatory framework, infrastructure development, educational initiatives, and overall adoption strategy for cryptocurrencies and blockchain technology. This appointment follows the PCC’s inaugural meeting chaired by Finance Minister Senator Muhammad Aurangzeb, where discussions centered on the future of crypto and blockchain within the nation. No specific coins or exchanges were mentioned in the announcement.