Nigeria’s Federal Inland Revenue Service (FIRS) has sued Binance for $81.5 billion, alleging tax evasion and significant economic losses. The lawsuit claims Binance violated multiple financial regulations and failed to comply with tax requirements.

Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back taxes,

Nigeria has filed a landmark lawsuit against Binance, demanding $79.5 billion in economic damages and an additional $2 billion in unpaid taxes, marki

Nigeria has filed an $81.5 billion lawsuit against Binance, claiming the cryptocurrency exchange operated without a license since 2019 and contributed to the nation's economic challenges, including currency devaluation and tax losses.

The Nigerian government has pressed fresh charges against global cryptocurrency exchange, Binance, demanding $81.5billion in damages and unpaid taxes.

ABUJA (Reuters) - Nigeria has filed a lawsuit against cryptocurrency exchange Binance, seeking to compel the company to pay $79.5 billion for economic losses caused by its operations in the country and $2 billion for two years of back taxes, court documents seen by Reuters showed on Wednesday.

Nigeria has sued Binance for $81.5 billion, including $79.5 billion for economic losses and $2 billion in back taxes.

The case could set a precedent for crypto regulations, impacting investor confidence and digital asset adoption in Nigeria.

Nigeria's federal government has launched a new lawsuit against the Binance, demanding a staggering $79.5 billion penalt

"FIRS argued that Binance has a significant economic presence in Nigeria but has not fulfilled its tax obligations," Binance said in a blog post on Thursday. "The agency emphasize