A court in Abuja, Nigeria's capital has adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17. In addition to the money laundering case by the EFCC, Nigeria's anti-graft agency, Binance also face four counts of tax evasion in a separate trial that will resume on May 17. They - Binance executives - have all pleaded not guilty. Authorities, however, alleged the platform was being used for money laundering and terrorism financing. It is the second time the Abuja court is adjourning the formal commencement of the money laundering trial.

Source: Ethiopian News May 02, 2024 14:09 UTC