Nigeria frees Binance exec, Ripple appeals SEC XRP ruling: Law Decoded

The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.

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Binance Hires UK-Based Accounting Firm Grant Thornton to Advise on Audits

Binance has hired U.K.-based Grant Thornton to advise on accounting and tax matters, it announced Wednesday.

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Binance crypto exchange hit with $86 mln tax penalty from India - Why?

Binance faces $86M tax demand from India for GST liabilities. India’s new regulatory move sets a precedent for cryptocurrency firms. Amidst ongoing legal struggles, Binance, the largest crThe post Binance crypto exchange hit with $86 mln tax penalty from India - Why? appeared first on AMBCrypto.

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Indian law enforcement agency DGGI wants $86M unpaid GST from Binance

India demands $86 million in unpaid GST from crypto exchange Binance. Indian law requires 1% TDS on crypto transactions and 30% tax on profits. Binance plans to resume operations in India after being banned in January 2024 for noncompliance.

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Binance asked to pay $86m in Indian Goods and Services Tax

Binance has received a show-cause letter from the Directorate General of GST Intelligence of Ahmedabad to pay inr 722 crores, approximately $86 million USD, as goods and services tax. According to a Times of India report, the DGGI, an agency…

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Binance exec trial will resume July 5 as family reports health problems

Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.

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Binance exec legal battle escalates amid US-Nigeria tug of war

In a statement to the press, Gambaryan’s wife expressed her confusion about why the Economic and Financial Crimes Commission will not release her husband after a court cleared him of tax evasion charges.

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Victory For Binance And Executives As Nigeria Drops Tax Charges

In a significant turn of events, Nigeria has withdrawn tax evasion charges against two executives from Binance, the world’s largest cryptocurrency exchange.   According to Reuters, the decision came after Binance appointed a local representative to handle all legal proceedings related to the allegations.

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Nigeria drops tax charges against Binance executives

Nigeria has dropped the tax charges against two Binance executives, but one executive remains in custody despite health concerns. The Federal Inland Revenue Service (FIRS) of Nigeria has dropped its tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla,…

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Nigeria drops tax evasion charges against Binance execs

Nigeria’s Federal Inland Revenue Service (FIRS) has dropped tax evasion charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Instead, the agency will focus solely on the exchange itself.

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Nigeria Drops Tax Charges Against Binance Executives

The executives, Tigran Gambaryan and Nadeem Anjarwalla, are still named in a money-laundering case.

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Nigerian court delays Binance executives’ tax evasion trial

Citing failure to bring Tigran Gambaryan to court, Nigerian court postpones a court hearing in the Binance tax evasion case until June. A Nigerian court has delayed proceedings in the tax evasion case against the Binance crypto exchange, rescheduling the…

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Binance executive denied bail in Nigerian money laundering case

A Federal High Court in Abuja has denied bail to Tigran Gambaryan, a Binance executive, who faces charges of money laundering and tax violations in Nigeria. Justice Emeka Nwite ruled against granting Gambaryan bail on Friday, citing the executive’s potential…

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Nigerian court denies bail and allows Tigran Gambaryan to stand trial on behalf of Binance

Binance exec Tigran Gambaryan denied bail by Nigerian court, faces money laundering and tax evasion charges. The post Nigerian court denies bail and allows Tigran Gambaryan to stand trial on behalf of Binance appeared first on Crypto Briefing.

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Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court

The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan.

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Binance exec on the run: Nigeria government pursues extradition from Kenya

Nigeria’s tax agency filed charges against two Binance execs, who were later detained. But one of them has escaped. Government officials say they found him.

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Nigerian court postpones detained Binance official’s hearing

The court has postponed the hearing for a Binance official detained in Nigeria on allegations of tax evasion to April 19. 

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Nigeria Court Adjourns Hearings for Binance, Execs' Tax Evasion Cases: Reports

The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.

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Binance Says Compliance Exec Detained in Nigeria Has No Decision-Making Power at Firm

Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.

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Binance Says Compliance Chief Detained in Nigeria Has No Decision-Making Power at Firm

Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.

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Crypto Houdini? Binance Exec Escapes From Nigerian Custody Amid Tax Evasion Charges – Report

One of the two senior executives from crypto exchange Binance has escaped from the Nigerian authorities as criminal charges were pressed against him. The executive was first detained on February 26 as part of Nigeria’s actions against the exchange.

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Nigeria Charges Binance With Tax Evasion

Nigeria charges Binance and its officials with tax evasion, aiming to bolster fiscal discipline and ensure cryptocurrency market tax compliance amidst global regulatory challenges. The post Nigeria Charges Binance With Tax Evasion appeared first on BeInCrypto.

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Binance executive escapes detention amid tax evasion case in Nigeria

In a startling development in Nigeria’s ongoing tax evasion case involving Binance, a leading cryptocurrency exchange, a high-ranking executive, Nadeem Anjarwalla, has reportedly escaped detention using a fake passport.

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Nigeria Charges Binance With Tax Evasion After Detained Exec Escapes: Reports

One of two senior Binance executives in government custody has escaped, local media reported over the weekend.

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US Government Backtracks on Controversial Crypto Tax Reporting Rule

Explore the controversies surrounding the US government's approach to crypto in recent years. With a focus on a regulation-by-enforcement strategy, major exchanges like Binance and Coinbase face legal challenges The post US Government Backtracks on Controversial Crypto Tax Reporting Rule appeared first on BeInCrypto.

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Binance CEO CZ under fire in Brazil - here's why

Binance has already been reprimanded over its derivatives trading services. The committee also recommended a probe into the tax compliance of the exchange's local unit. Binance's [BNB] prediThe post Binance CEO CZ under fire in Brazil - here's why appeared first on AMBCrypto.

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Binance Introduces Crypto Tax Calculator for Users in Canada and France, BNB up 7%

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Binance introduces Binance Tax for calculating taxes on transactions

Binance Tax allows users to calculate taxes on up to 100,000 transactions. The service is currently available to users in Canada and France. Binance wants the tool to help its users keep up with their tax obligations.

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Binance introduces new tax calculator

Cryptocurrency exchange Binance released a tool that will assist users in determining the tax liabilities associated with cryptocurrency transactions.

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Binance Introduces Crypto Tax Calculator: But There’s a Catch

Binance has introduced a crypto tax calculator feature for easy tax filings. But, not every user can take advantage of the facility. The post Binance Introduces Crypto Tax Calculator: But There’s a Catch appeared first on BeInCrypto.

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Binance запускает инструмент для налоговой отчетности

Крупнейшая криптовалютная биржа сообщила о запуске инструмента налоговой отчетности Binance Tax, который должен помочь пользователям отслеживать свои криптовалютные транзакции.

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Binance Exchange Floats New Tax Return Reporting Tool

Coinspeaker Binance Exchange Floats New Tax Return Reporting Tool The launch of the Binance Tax product in France has tagged a stepping stone for the service that will soon be made available in other countries around the world.

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Binance Tax launched to prepare crypto users for the tax season

The new tool helps users access tax details aligning with their crypto activity to help report information during the upcoming tax season.

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Heavy Taxation Could Kill India’s Cryptocurrency Market, Binance CEO Warns

Binance CEO Changpeng Zhao mentioned India’s high crypto taxes as something that can kill the Indian cryptocurrency sector. He said this while speaking at the Singapore Fintech Festival. “India has high tax which is probably going to kill the industry,” he said.

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CZ Binance Hints At Rising Taxation Being Detrimental To Indian Crypto Industry

The Indian government has maintained a bullish stance on its income tax on crypto assets. The government demonstrated this with the proposal of a Cryptocurrency and Regulation of the Official Digital Currency Bill in 2021.

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Blockpit.io Review – Price, Supported Exchanges & Wallets

What is Blockpit. io? Blockpit is a crypto tax reporting and portfolio monitoring solution that is automated, web- and mobile-based. It connects its services to the APIs of multiple exchanges, including Binance, Coinbase, Bitpanda, Kraken, and many others.

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Binance to Charge a 1.2% Consolidation Fee on All LUNC and USTC Transactions

Binance, has released updates on deposit and withdrawal fees for LUNC and USTC on Terra Classic (LUNC) Network. Binance will now charge consolidation fees due to tax burn.

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Brazilian Tax Authority Records 12,000 Institutional Crypto Holdings

Crypto is becoming mainstream in Brazil, with 7. 8% of the country’s population (about 16 million people) owning cryptocurrency. As a result, exchanges such as Binance, Crypto. com, and Coinbase are soaring in Brazil.

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A Boon For Crypto – Binance Expands In Brazil With 2 New Offices

Registered crypto users in Brazil are increasing at a consistently steady pace, despite the bear market rearing its ugly head. Based on latest data, the South American country has tallied more than 1 million registered crypto accounts for the month of July alone, adding to its nearly 35 million users, Brazilian tax authority Receita Federal […]

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Binance applies LUNC tax burn to trades including past transactions

Binance announced that the exchange has started applying the 1.2% tax burn on Terra Luna Classic (LUNC) trades. The post Binance applies LUNC tax burn to trades including past transactions appeared first on CryptoSlate.

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Terra Classic Soars as Binance Appeases Crypto’s Lunatics

Binance introduced the trading fee burn after Terra Classic implemented a 1.2% burn tax on all on-chain transactions. Binance to Burn LUNC Trading Fees Months after crashing to almost zero,...

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Terra Luna Classic (LUNC) Price Jumps 60% as Binance Launches Trading Fee Burn Mechanism

Luna Classic (LUNC) initiated a bounce as a result of a Binance tax implementation on Monday. So far, the price has increased by 50%, breaking out from an important resistance in the process. The post Terra Luna Classic (LUNC) Price Jumps 60% as Binance Launches Trading Fee Burn Mechanism appeared first on BeInCrypto.

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LUNC investors react to CZ's 1.2% trading tax recommendation on Binance

Changpeng Zhao, the CEO of Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance.

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Terra Classic (LUNC) Transfers on Binance (BNB) Will Be Taxed. When?

Binance (BNB), largest centralized cryptocurrency exchange, decided to finally impose tax on LUNC transfers

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Binance to add opt-in button for 1.2% LUNC burn tax on all trades

Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. The post Binance to add opt-in button for 1.2% LUNC burn tax on all trades appeared first on CryptoSlate.

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Binance is making it big in India, here's what you need to know

After a 1% tax deducted at source (TDS) took effect in July, the number of Indian users signing up on the major cryptocurrency exchange Binance skyrocketed, according to a report from Bloomberg on TueThe post Binance is making it big in India, here's what you need to know appeared first on AMBCrypto.

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Binance Booms as Crypto Tax Crushes Indian Exchanges

The cryptocurrency tax introduced by India’s government has caused foreign cryptocurrency exchanges to consolidate their market share there. The post Binance Booms as Crypto Tax Crushes Indian Exchanges appeared first on BeInCrypto.

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LUNC holders might be super happy this week, thanks to...

Just two days ahead of the much-awaited 1.2% tax burn being implemented, Binance has added LUNC and USTC to Binance Convert. This development is positive news for the LUNC community as it will helThe post LUNC holders might be super happy this week, thanks to... appeared first on AMBCrypto.

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Binance will not apply Terra Classic tax burn to spot trade on exchange

Binance has announced that it will not support the $LUNC tax burn to spot or margin trades made on its exchange. The post Binance will not apply Terra Classic tax burn to spot trade on exchange appeared first on CryptoSlate.

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