Binance: Nigeria should not hold Tigran Gambaryan accountable who has no decision-making power in the company

Binance released a statement regarding Tigran Gambaryan, one of their executives who was detained in Nigeria. In the statement, Binance stated that Tigran Gambaryan is a US citizen who has served as a federal agent for the past ten years, investigating cases involving national security, terrorism financing, and other related matters. As a member of the elite cyber investigation team of the Criminal Investigation Department of the US Treasury, Tigran has led investigations worth billions of dollars, including investigations into corruption in the Silk Road, BTC-e Bitcoin exchange, and Mt. Gox hacking cases. In 2021, Tigran was hired to help Binance resolve past compliance issues. Tigran is a strict law enforcement professional and is not part of Binance's management. Binance is currently in discussions with Nigerian government officials and kindly requests that Tigran Gambaryan, who has no decision-making power within the company, not be held responsible.

Comments

All Comments

Recommended for you

Robert Kennedy Jr.'s four Bitcoin policies, including that BTC-USD transactions do not need to be reported or taxed to the IRS

US presidential candidate Robert Kennedy praised the role that Bitcoin could play in improving the US economy at the Bitcoin 2024 conference. He proposed a comprehensive reform of US monetary policy and added that BTC could restore the US economy to its pre-Nixon era. He promised to issue four executive orders related to Bitcoin if elected:
Hong Kong Legislative Council Member Tam Yue-heng: Accelerate the issuance and trading of stablecoins that match the characteristics of the linked exchange rate system

Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference and the Legislative Council, published an article entitled "Consolidating the Status of Financial Center and Sharing the Dividend of Deepening Reform". In it, he pointed out that in the field of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, explore new beneficial financial formats, and promote the new productive forces of the financial industry. Hong Kong must promote the participation of financial technology companies in the stable coin sandbox mechanism, accelerate the issuance and trading of stable coins with the characteristics of matching linked exchange rate system, expand the testing scope and landing scenarios of digital RMB as a cross-border payment tool, and focus on developing products that are linked to virtual assets and underlying real assets, transforming art, real estate, equity, and carbon emissions into digital tokens through blockchain technology.
Hong Kong’s virtual asset ETF market has established a mature structure including exchanges, market makers, primary and secondary custodians, etc.

Wang Long, Chairman of the Greater Bay Area Financial Professionals Association, pointed out in an article published in Ta Kung Pao entitled "Web3.0 Promotes Diversification of Financial Products" that although Hong Kong's ETF market is still in its development stage compared to the United States, it has established a mature architecture, including exchanges, market makers, primary and secondary custodians, etc. The Hong Kong Securities and Futures Commission has approved six virtual asset spot ETFs and 14 virtual asset spot ETFs, including Hong Kong dollars, US dollars, and renminbi categories, for trading on platforms holding the Hong Kong Securities and Futures Commission license. Nowadays, more and more global investors are paying attention to how to invest in virtual assets, and both the United States and Hong Kong, China have approved the listing of ETF funds for virtual assets, and the investment scale is rapidly increasing.
Bloomberg ETF Analyst: XRP ETF may be the next exchange-traded fund product to be launched

Bloomberg ETF analyst James Seyffart forwarded market news on X platform, stating that during the Bitcoin 2024 conference, Discover Crypto CEO Joshua Jake was interviewed and he said that XRP ETF could be the next possible exchange-traded fund product to launch.
Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.
Cointime精选 ·

10 years on: How Ethereum’s ICO changed the crypto landscape

Nick Johnson, lead developer of the Ethereum Name Service, shared his thoughts and memories of Ethereum on its 10th anniversary.
Cointime精选 ·

THORChain founder and his plan to ‘vampire attack’ all of DeFi

After posing as an anon girl for six years, THORChain’s founder is now waging war against the “slow rugs” of DeFi.
blockABC ·

When Musk Empire listing? Find love in The Sandbox and more: Web3 Gamer

Web3 gaming is taking an unexpected turn this year says Delab Games head of strategy.
Cointime精选 ·

Toyota’s love for Ethereum, HK nods inverse Bitcoin ETF, stablecoin: Asia Express

Asia’s top automobile manufacturer is researching how Ethereum can play a role in autonomous vehicles, Hong Kong approves an inverse Bitcoin ETF and a new stablecoin, and more!
Cointime精选 ·

Is government oversight non-negotiable for the future of crypto?

Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception.