June 16 (Cointime) - Binance is currently being investigated by French authorities for allegedly providing illegal digital asset services and engaging in acts of aggravated money laundering. The investigation centers around Binance's illegal exercise of the function of PSAN and its involvement in operations of investments, concealment, and conversion. Binance is also facing a lawsuit from the U.S. Securities and Exchange Commission for failing to register as a trading platform and selling unregistered securities. The company has announced that it is quitting the Netherlands after failing to obtain a license that meets the country's anti-money laundering guidelines.