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Executive Stranded in Nigeria: Unclear Roadmap for Return

Noah Perlman, Binance’s Chief Compliance Officer, discussed the ongoing legal battle involving Binance executive Tigran Gambaryan and the Nigerian government. Perlman expressed uncertainty about resolving the situation soon, as Gambaryan remains detained in Nigeria since his arrest in February. Gambaryan, a former IRS employee, is suspected of having malaria but has not been transferred to a hospital despite court orders. The Nigerian government has charged him and another Binance executive, Nadeem Anjarwalla, with tax evasion. Perlman emphasized Binance’s willingness to cooperate with authorities and resolve any past issues. The arrest of Gambaryan and Anjarwalla highlights the significant challenges cryptocurrency companies… Read More »Executive Stranded in Nigeria: Unclear Roadmap for Return

Bitcoin ETF Launches in Australia Tuesday

Australia’s first spot Bitcoin ETF, the Monochrome Bitcoin ETF, will start trading on the Cboe Australia exchange on Tuesday. Listed as IBTC, it carries a management fee of 0.98% and allows investors to access Bitcoin within a regulated framework overseen by the Australian Securities & Investments Commission (ASIC). This ETF is the first in Australia to hold Bitcoin directly, granting investors legal rights to their Bitcoin and enabling withdrawals. Monochrome collaborates with Gemini as the Bitcoin custodian, ensuring security and compliance. The ETF aims to mirror BTC market prices and withstand manipulation, enhancing its reliability. The launch comes amid a… Read More »Bitcoin ETF Launches in Australia Tuesday