Richard Teng, CEO of Binance, a global cryptocurrency platform, has highlighted Nigeria’s readiness to harness blockchain technology for addressing economic and social challenges, given the country’s youthful, tech-savvy population.
Teng’s remarks came in a statement issued on Thursday following the release of Tigran Gambaryan, an executive director at Binance, who had been detained in Nigeria for eight months. Gambaryan was released on Wednesday after the Nigerian government dropped all charges against him.
In his statement, Teng expressed relief and gratitude for Gambaryan’s release, commending his strength throughout the ordeal. He also emphasized Binance’s commitment to maintaining regulatory compliance and transparency in the digital asset space.
“We are deeply relieved and grateful that Tigran Gambaryan has finally been released after enduring nearly eight months of detention in Nigeria. Throughout this difficult period, Tigran has shown immense strength, and we commend his resilience,” Teng said.
Read Also: Binance Executive Tigran Gambaryan Released After 8-Month Detention in Nigeria
He added that Gambaryan’s health and well-being remain a priority, and he can now receive much-needed medical care and rest with his family.
Teng reaffirmed Binance’s dedication to collaborating with global regulators, noting the potential of blockchain technology in Nigeria. “With a young, tech-savvy population and a strong interest in digital finance, Nigeria is well-positioned to leverage blockchain technology to address economic and social challenges,” he added.
Binance aims to contribute constructively to the blockchain industry’s growth in Nigeria and beyond, Teng concluded.
