In a recent development, the Federal Inland Revenue Service (FIRS) of Nigeria has dropped charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. However, the tax evasion charges against Binance itself remain, leaving the crypto exchange as the sole defendant in the case.

Tigran Gambaryan and Nadeem Anjarwalla, who were detained in Nigeria, are now free from tax charges. They are no longer required to appear in court for the tax evasion case. However, they will continue to face money laundering charges, with the trial hearing scheduled for June 19.

The Binance executives are still detained in Nigeria, with Tigran Gambaryan suffering from malaria in prison. The US government has intervened in the case, with lawmakers pushing President Joe Biden to secure Gambaryan's release. The Binance spokesperson expressed hope that the Economic and Financial Crimes Commission (EFCC) will take similar steps to release Gambaryan.

The detention of Binance executives has sparked controversy in the crypto industry. Tigran Gambaryan's wife, Yuki Gambaryan, has criticized the US government for delayed action in securing her husband's release. After the US intervention, Nigerian government officials reaffirmed that the trial would be conducted in accordance with the law.

The tax evasion case against Binance continues, with the crypto exchange fighting the charges. The outcome of the case will have significant implications for the crypto industry and the future of tax compliance in Nigeria.