The Biden administration is under increasing pressure to promptly aid the release of Tigran Gambaryan, a former United States federal agent with a focus on cryptocurrency, and another Binance executive, Nadeem Anjarwalla, detained by the Nigerian government without passports since Feb. 26, 2024.
The Chamber of Digital Commerce made its appeal through a blog post on its website on March 15 and is leading the demand for urgent diplomatic action to address what they perceive as a significant injustice.
According to the post, the detention of Tigran Gambaryan in such questionable circumstances establishes a troubling precedent, suggesting that any American entrepreneur abroad, especially those in the cryptocurrency industry, could face similar unlawful actions by foreign authorities. The blog post stated:
“The unwarranted detention of Tigran Gambaryan is more than a legal issue; it is a matter of national dignity and the protection of American citizens worldwide.” lockquote>
The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
Nigeria, a beneficiary of over $1 billion of U.S. foreign aid each year, is an ally of the U.S. which makes the situation very tricky and unprecedented, unlike similar cases in states with worse relations with the U.S. Initial reports about the apprehensions of Gambaryan and Anjarwalla emerged in late February, with the Financial Times covering the detentions without explicitly naming them on Feb. 28.
According to their families, Gambaryan, a U.S. citizen, and Anjarwalla, a dual citizen of the U.K. and Kenya, arrived in Abuja on February 25th. They came to Nigeria in response to an invitation from the government to discuss the ongoing dispute with Binance regarding its purportedly illegal activities there.
The executives purportedly met with Nigerian officials the following day to address the government’s directive for the country’s telecom providers to restrict access to Binance and other cryptocurrency exchanges. Officials attributed the devaluation of Nigeria’s official currency, the naira, and the facilitation of “illicit flows” of funds to crypto exchanges.
However, rather than reaching a consensus, Gambaryan and Anjarwalla were escorted to their hotels shortly after the initial meeting. They were instructed to gather their belongings and transported to a “guesthouse” managed by Nigeria’s National Security Agency, per their families’ accounts.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The Biden administration is under increasing pressure to promptly aid the release of Tigran Gambaryan, a former United States federal agent with a focus on cryptocurrency, and another Binance executive, Nadeem Anjarwalla, detained by the Nigerian government without passports since Feb. 26, 2024.
The Chamber of Digital Commerce made its appeal through a blog post on its website on March 15 and is leading the demand for urgent diplomatic action to address what they perceive as a significant injustice.
According to the post, the detention of Tigran Gambaryan in such questionable circumstances establishes a troubling precedent, suggesting that any American entrepreneur abroad, especially those in the cryptocurrency industry, could face similar unlawful actions by foreign authorities. The blog post stated:
“The unwarranted detention of Tigran Gambaryan is more than a legal issue; it is a matter of national dignity and the protection of American citizens worldwide.” lockquote>
The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
Nigeria, a beneficiary of over $1 billion of U.S. foreign aid each year, is an ally of the U.S. which makes the situation very tricky and unprecedented, unlike similar cases in states with worse relations with the U.S. Initial reports about the apprehensions of Gambaryan and Anjarwalla emerged in late February, with the Financial Times covering the detentions without explicitly naming them on Feb. 28.
According to their families, Gambaryan, a U.S. citizen, and Anjarwalla, a dual citizen of the U.K. and Kenya, arrived in Abuja on February 25th. They came to Nigeria in response to an invitation from the government to discuss the ongoing dispute with Binance regarding its purportedly illegal activities there.
The executives purportedly met with Nigerian officials the following day to address the government’s directive for the country’s telecom providers to restrict access to Binance and other cryptocurrency exchanges. Officials attributed the devaluation of Nigeria’s official currency, the naira, and the facilitation of “illicit flows” of funds to crypto exchanges.
However, rather than reaching a consensus, Gambaryan and Anjarwalla were escorted to their hotels shortly after the initial meeting. They were instructed to gather their belongings and transported to a “guesthouse” managed by Nigeria’s National Security Agency, per their families’ accounts.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
