Gambaryan: Binance CEO says Nigeria ready to leverage blockchain technology

The Chief Executive Officer of a leading cryptocurrency, platform, Binance, Richard Teng, said on Thursday Nigeria is well-positioned to leverage blockchain technology to address economic and social challenges with its young and tech-savvy population.

Teng stated this in a statement sent to Ripples Nigeria following the release of Tigran Gambaryan, one of the company’s executive directors.

The Nigerian government released Gambaryan on Wednesday after spending eight months in detention.

The Binance CEO chief said the platform would collaborate with global regulators to ensure compliance and transparency in the evolving digital asset space.

He said: “We are eager to put this episode behind us and continue working toward a brighter future for the blockchain industry worldwide.

“We are deeply relieved and grateful that Tigran Gambaryan has finally been released after enduring nearly eight months of detention in Nigeria.

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“Throughout this difficult period, Tigran has shown immense strength, and we commend his resilience in the face of such severe adversity. We are deeply thankful to everyone who dedicated countless hours to support Tigran’s release.

“Tigran’s health and well-being remain our top priority, and we are thankful he can now receive the medical care and rest he so urgently needs alongside his family.

“Binance remains committed to collaborating with global regulators to ensure compliance and transparency in the evolving digital asset space. We are eager to put this episode behind us and continue working toward a brighter future for the blockchain industry worldwide.

“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. We look forward to playing a constructive role in that effort.”

By: Babajide Okeowo

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