Crypto exchange Binance is at the center of an investigation following reports that French investigators have launched a judicial probe into charges against the exchange. This continues the long-running saga between the crypto exchange and the French government following reports of a preliminary investigation by the authorities.
French Investigators Launch Judicial Probe Into Charges Against Binance
According to a Reuters report, French investigators announced today that they have opened a judicial probe into charges against Binance. These include money laundering, tax fraud, drug trafficking, and other charges against the top crypto exchange.
This continues a saga that dates back to 2023, when the French authorities first announced an investigation into Binance for providing illegal crypto services to locals and failing to implement a proper anti-money laundering framework. The crypto exchange eventually had to exit the French market last year after facing significant regulatory pressure.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: