After more than seven months, Nigeria has dropped the money laundering charges against Binance executive Tigran Gambaryan. The Nigerian government previously accused Gambaryan and Binance of money laundering, with Binance denying these allegations. This dismissal coincides with the US announcing a new partnership with Nigeria focused on crypto-related crimes. According to reports, the case was dropped partly due to Gambaryan's health issues, which have worsened during his detention in Kuje prison; he suffers from a herniated disk and previously battled pneumonia. Despite ongoing medical challenges, Gambaryan's situation has drawn attention from Binance executives. Prior to working at Binance, he was known for leading investigations into cryptocurrency crimes during his tenure at the IRS. The case's culmination underscores the ongoing complexities surrounding regulatory challenges in the cryptocurrency space, particularly for centralized exchanges like Binance.

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