Binance Probed by France for Alleged Illegal Practices

Binance, the world’s largest cryptocurrency trade, is below investigation by French authorities for the alleged unlawful provision of digital-asset providers and acts of aggravated cash laundering, in keeping with an official for the Paris public prosecutor’s workplace.

Binance had an on-site go to by French authorities final week, a spokesperson for the trade mentioned in a press release. “In France, on-site visits by regulators and inspectors are a part of regulatory obligations to which all monetary establishments should adhere,” the spokesperson added, declining to touch upon specifics of legislation enforcement or regulatory investigations. “We abide by all legal guidelines in France, simply as we …