Binance Faces French Probe Over Alleged Regulatory Breaches And Money Laundering

Crypto exchange Binance is facing scrutiny in France as the local unit is being investigated for allegedly providing digital asset services without the necessary legal permissions and for purported involvement in money laundering activities. The probe is centered around the accusation that Binance was operating as a digital asset service provider without obtaining the required regulatory approvals until May 2022, Coindesk reported.