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NEWS: Nigerian judge sets Binance tax evasion trial for October

By Camillus Eboh

A Nigerian court will begin a trial against cryptocurrency exchange Binance over tax evasion charges on Oct. 11, the judge hearing the case said on Friday.

Binance faces four counts of tax evasion, including failure to register with Nigeria’s Federal Inland Revenue Service for tax purposes. Similar charges against two of its executives were dropped on June 14, though they still face separate money laundering charges. They both deny those allegations.

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