Nigeria’s Federal Inland Revenue Service (FIRS) is suing Binance for $ 79.5 billion in financial losses as well as $ 2 billion plus interest for back taxes, Børsen said in his blog.
This is a leap from the original $ 10 billion figure that Nigeria’s government demanded claimed that the stock exchange had made it possible for $ 26 billion of non -tracerable funds to leave the country when it was facing a currency crisis and was looking for a look limit the capital outflow last year.
“FIRS claimed that Binance has a significant financial presence in Nigeria but has not fulfilled its tax obligations,” Binance said in a blog post on Thursday. “The agency emphasized that manipulation on the Binance Platform has contributed to the rapid depreciation of Naira, which is facing inflation pressure.”
Nigeria has been pursuing litigation against binance since the beginning of last year. The country detained two of its leaders Tigran Gambaryan and Nadeem Anjarwalla in February. The country accused the leaders plus the exchange of laundering of laundering and tax evasion costs, but later released Gambaryan after Anjarwalla floated. Binance is still facing money laundering from the country.
Coindesk reached out to Binance and Nigeria’s federal inland income service for a comment.
