The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n
The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n
Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n
The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n
The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n
Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n
The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n
The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n
Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Coinbase has filed an appeal targeting a crucial legal aspect concerning the authority of the Securities and Exchange Commission (SEC) over digital asset transactions, specifically treating secondary trades as investment contracts.<\/p>\n\n\n\n The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Coinbase has filed an appeal targeting a crucial legal aspect concerning the authority of the Securities and Exchange Commission (SEC) over digital asset transactions, specifically treating secondary trades as investment contracts.<\/p>\n\n\n\n The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Coinbase has filed an appeal targeting a crucial legal aspect concerning the authority of the Securities and Exchange Commission (SEC) over digital asset transactions, specifically treating secondary trades as investment contracts.<\/p>\n\n\n\n The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Coinbase has filed an appeal targeting a crucial legal aspect concerning the authority of the Securities and Exchange Commission (SEC) over digital asset transactions, specifically treating secondary trades as investment contracts.<\/p>\n\n\n\n The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Gambaryan has also sued the government for violating his fundamental human rights. His motion claims that his detention and passport confiscation violate Nigeria's constitution, which guarantees personal liberty. As the case unfolds, stakeholders await further developments and potential implications for the crypto industry in Nigeria and beyond.<\/p>\n","post_title":"Binance Tax Evasion Trial Adjourned To May 17 In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-tax-evasion-trial-adjourned-to-may-17-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 03:14:09","post_modified_gmt":"2024-06-22 17:14:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16506","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16371,"post_author":"1","post_date":"2024-04-15 04:07:31","post_date_gmt":"2024-04-14 18:07:31","post_content":"\n Coinbase has filed an appeal targeting a crucial legal aspect concerning the authority of the Securities and Exchange Commission (SEC) over digital asset transactions, specifically treating secondary trades as investment contracts.<\/p>\n\n\n\n The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite not being represented in court, Binance stated that it is working closely with Nigerian authorities following Gambaryan's detention. However, the legal battle continues as Gambaryan remains in custody, with his bail application hearing postponed.<\/p>\n\n\n\n Gambaryan has also sued the government for violating his fundamental human rights. His motion claims that his detention and passport confiscation violate Nigeria's constitution, which guarantees personal liberty. As the case unfolds, stakeholders await further developments and potential implications for the crypto industry in Nigeria and beyond.<\/p>\n","post_title":"Binance Tax Evasion Trial Adjourned To May 17 In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-tax-evasion-trial-adjourned-to-may-17-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 03:14:09","post_modified_gmt":"2024-06-22 17:14:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16506","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16371,"post_author":"1","post_date":"2024-04-15 04:07:31","post_date_gmt":"2024-04-14 18:07:31","post_content":"\n Coinbase has filed an appeal targeting a crucial legal aspect concerning the authority of the Securities and Exchange Commission (SEC) over digital asset transactions, specifically treating secondary trades as investment contracts.<\/p>\n\n\n\n The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\n According to a report<\/a> by a local media publication, the executives accused the National Security Adviser's office and the Economic and Financial Crimes Commission (EFCC) of violating their fundamental human rights. The executives demanded their release, the return of their passports, and a public apology for their detainment.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance In A Fresh Legal Battle As Nigeria Summons CEO Over $26M In Suspicious Flows<\/a><\/p>\n\n\n\n During a hearing before Judge Iyang Ekwo, Gambaryan argued that his detention and passport seizure violated his liberty as guaranteed by Nigeria's constitution.<\/p>\n\n\n\n The executives maintained their innocence, claiming they were not informed of any offenses committed. The judge adjourned the hearing to April 8, awaiting representation from the Office of the National Security Adviser (ONSA) and the EFCC.<\/p>\n\n\n\n The detention of Binance executives occurred amidst Nigeria's crackdown on cryptocurrency trading platforms, which emerged as alternatives amidst chronic dollar shortages. Nigerian authorities charged Gambaryan and Anjarwalla, along with the company, with tax evasion. However, Anjarwalla fled the country, facing the possibility of an international arrest warrant.<\/p>\n\n\n\n Despite the absence of representation from the Nigerian authorities during the hearing, the executives' legal battle persists. With the next court date set for April 8, the outcome remains uncertain.<\/p>\n","post_title":"Binance Executives Sue Nigerian Government For Detainment","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-executives-sue-nigerian-government-for-detainment","to_ping":"","pinged":"\nhttps:\/\/nairametrics.com\/2024\/03\/28\/nsa-efcc-must-apologize-for-detaining-me-binance-executive-tells-nigerian-court\/","post_modified":"2024-04-03 19:26:56","post_modified_gmt":"2024-04-03 08:26:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16147","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In addition to the tax evasion trial, Binance and its executives face charges of laundering over $35 million brought by Nigeria's anti-graft agency, the Economic and Financial Crimes Commission. This trial is scheduled to resume on May 2.<\/p>\n\n\n\n Despite not being represented in court, Binance stated that it is working closely with Nigerian authorities following Gambaryan's detention. However, the legal battle continues as Gambaryan remains in custody, with his bail application hearing postponed.<\/p>\n\n\n\n Gambaryan has also sued the government for violating his fundamental human rights. His motion claims that his detention and passport confiscation violate Nigeria's constitution, which guarantees personal liberty. As the case unfolds, stakeholders await further developments and potential implications for the crypto industry in Nigeria and beyond.<\/p>\n","post_title":"Binance Tax Evasion Trial Adjourned To May 17 In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-tax-evasion-trial-adjourned-to-may-17-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 03:14:09","post_modified_gmt":"2024-06-22 17:14:09","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16506","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16371,"post_author":"1","post_date":"2024-04-15 04:07:31","post_date_gmt":"2024-04-14 18:07:31","post_content":"\n Coinbase has filed an appeal targeting a crucial legal aspect concerning the authority of the Securities and Exchange Commission (SEC) over digital asset transactions, specifically treating secondary trades as investment contracts.<\/p>\n\n\n\n The filing<\/a> before the District Court for the Southern District of New York dated April 12, signifies an attempt by the crypto exchange to address an important legal aspect within the crypto industry's ongoing battle with regulatory bodies. This matter highlights a longstanding ambiguity surrounding the classification of digital assets.<\/p>\n\n\n\n Coinbase's appeal challenges the SEC's ability to classify digital asset transactions as investment contracts, particularly when these transactions lack any obligation to the original issuer. By filing for an interlocutory appeal, the digital asset exchange aims to isolate and scrutinize this legal contention. The legal matter has been presented for review by the US Court of Appeals for the Second Circuit.<\/p>\n\n\n\n At the center of Coinbase's appeal is the application of the Howey test, a legal framework used by the SEC to determine whether certain transactions qualify as investment contracts.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit<\/a><\/p>\n\n\n\n Coinbase argues that applying this test to digital asset transactions has led to an unclear understanding of securities regulation within the crypto space.<\/p>\n\n\n\n The outcome of this appeal is expected to clarify the boundaries of the authority of the securities regulator over crypto markets and establish a precedent for future regulatory disputes.<\/p>\n\n\n\n Meanwhile, the outcome of Coinbase's legal battle with the SEC holds significant implications for the broader crypto industry in the US. Regulatory clarity on the classification of digital assets as securities versus commodities is crucial for market participants, investors, and regulatory authorities.<\/p>\n\n\n\n As the case progresses through legal channels, stakeholders will closely monitor developments that could shape the regulatory landscape and influence the trajectory of the crypto market.<\/p>\n","post_title":"Coinbase Challenges SEC: Can Secondary Crypto Trades Be Securities?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"coinbase-challenges-sec-can-secondary-crypto-trades-be-securities","to_ping":"","pinged":"","post_modified":"2024-04-15 04:07:35","post_modified_gmt":"2024-04-14 18:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16371","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16147,"post_author":"1","post_date":"2024-04-03 19:24:16","post_date_gmt":"2024-04-03 08:24:16","post_content":"\n Binance's executives have launched a legal battle against Nigerian authorities. Tigran Gambaryan and Nadeem Anjarwalla found themselves entangled in a controversy after Nigeria banned several cryptocurrency trading websites.<\/p>\n\n\n\n The duo, hailing from diverse backgrounds, flew to Nigeria only to face detainment upon arrival on February 26. Tigran Gambaryan, Binance's head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Africa, took their fight to the Federal High Court in Abuja.<\/p>\n\n\n\nLegal Proceedings<\/h2>\n\n\n\n
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