 Moving on, the federal government has initiated their criminal proceedings against Binance, a prominent cryptocurrency exchange platform, of alleged tax evasion. The charges filed at the federal i-court in Abuja were announced on Monday by the federal Inland Revenue Service, FRS. The lawsuit implicates Binance with a four-counter tax evasion accusation. FRS, in a statement issued and made available by Special Advisor Media to the Executive Chairman of this service, Dari Adekonbi, has said the move was aimed at up-ordering fiscal responsibility as have guarded the economic integrity of Nigeria. Joined with the Crypto Company as a second and fourth defendant in the suit, Artegrin Gumbayan and Osinedin Anjouale, both senior executives of Binance currently under the custody of the Economic and Financial Crimes Commission, EFCC. The charges levied against Binance include non-payments of value-added tax vats, company income tax, failure to file tax returns, and complicity in aiding customers to evade taxes through each platform. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.