Binance came under preliminary investigation by the Paris prosecutor's office for illegal canvassing of clients and "aggravated money-laundering." However, the crypt

Binance, the world's largest cryptocurrency exchange, is under investigation in France for money laundering, tax fraud, and more charges.

Despite obtaining regulatory approval in 2022, Binance now faces intensified scrutiny as authorities probe past financial transactions and market practices.

French authorities have escalated their scrutiny of Binance, the world’s largest cryptocurrency exchange, by launching a judicial probe into allegations of money laundering, tax fraud, and other financial crimes,

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French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

The investigation is focused on alleged offenses committed in both France and the broader European Union from 2019 to 2024.

French authorities are investigating Binance for money laundering and other crimes; the crypto exchange denies the allegations.

( MENAFN - crypto Breaking) France is reportedly conducting an investigation into Cryptocurrency exchange Binance for alleged money laundering and tax fraud. The investigation is part of a broader effort by authorities to crack down on illegal activities in the cryptocurrency industry.

The world's largest crypto exchange by trading volume is facing a new investigation into what the company calls "old" allegations in France.