Nigeria sets dangerous precedent by detaining Binance execs, CEO says

FILE PHOTO: Tigran Gambaryan, an executive of Binance, the world's largest cryptocurrency exchange, sits as he waits to face prosecution for tax evasion and money laundering at the federal high court in Abuja, Nigeria April 4, 2024. REUTERS/ Abraham Achirga/File Photo

LAGOS (Reuters) - The CEO of cryptocurrency exchange Binance on Tuesday accused Nigeria of setting a dangerous precedent after its executives were invited to the African country and then detained as part of a crackdown on crypto.

Binance, the world's largest crypto exchange and two of its executives face separate trials on tax evasion and money laundering, which the company is challenging.