French authorities have launched an investigation into Binance, the world’s largest cryptocurrency exchange, over allegations of money laundering.
The investigation focuses on whether Binance has complied with French regulations related to Anti-Money Laundering (AML) practices.
Binance has faced increasing regulatory scrutiny in various countries, including the U.S. and the U.K., as regulators aim to crack down on illicit activities in the crypto space.
Binance has responded by emphasizing its commitment to regulatory compliance and strengthening its AML procedures. The outcome of the French investigation could have broader implications for Binance’s operations in Europe and its efforts to secure regulatory approval in various markets.
