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The post Binance Faces Multiple Lawsuits Despite Being a Top Taxpayer in Lithuania! appeared first on Coinpedia Fintech News
Binance, the renowned cryptocurrency exchange, has been accused of contributing more taxes to Lithuania through its Bifinity entity than all four major Nordic banks combined. According to renowned crypto KOL DefiIgnas, Binance is the second-largest enterprise and fourth-largest taxpayer in Lithuania. Binance chose Lithuania due to its access to the European Union after failing to obtain cryptocurrency licenses in Malta and London. Despite its success in contributing to Lithuania’s economy, Binance faces several lawsuits related to its business operations.
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