Binance under Investigation in France for Illegal Digital Asset Services and Money Laundering

June 16 (Cointime) - Binance is facing an investigation in France for allegedly providing illegal digital asset services and supporting acts of aggravated money laundering. The company is accused of offering these services to French customers through its local division, and regulators have been investigating since February 2022. Binance recently exited the Netherlands after failing to obtain a license and comply with anti-money laundering regulations. The company is also under scrutiny from the US Securities and Exchange Commission for allegedly operating an unregistered securities exchange and offering illegal securities trading to American investors.

Binance Money Laundering

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