French Probes Crypto Exchange
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Business & Economics
Breaking: French Investigators Launch Judicial Probe Into Charges Against Binance
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61% Informative
French investigators have launched a judicial probe into charges against the crypto exchange Binance .
These charges include money laundering, tax fraud, drug trafficking, among other ones.
French authorities first announced an investigation into Binance in 2023 for providing illegal crypto services to locals and failing to implement a proper anti-money laundering framework.
Binance also faced similar charges in the US , when prosecutors accused the exchange and its then CEO, Changpeng “CZ” Zhao , of violating anti money laundering and sanctions laws.
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