Court to rule on Binance tax evasion case on October 11

Justice Emeka Nwite of the Federal High Court, Abuja, has set October 11 for judgment in the trial of popular cryptocurrency platform, Binance Holdings Limited, for alleged tax evasion.

The Federal Government charged the platform and its two directors with four counts of tax evasion after failing to register with the Federal Inland Revenue Service (FIRS) for tax purposes.

The crypto company’s lawyer, Ayodele Omotilewa, appeared in court on Friday and pleaded not guilty to the charges.

He urged the court to drop all charges.

ALSO READ: EFCC to resume trial of Binance director Gambaryan

After hearing arguments from both sides, Justice Nwite adjourned the case until October 11.

This decision provides more time for further consideration and review of the evidence presented by the parties.

The federal government in June dropped similar charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla.

However, both still face separate money laundering charges, which they both deny.

By: Babajide Okeowo

Court to rule on Binance tax evasion case on October 11 first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.