Local authorities in France are conducting an investigation into allegations related to the illegal provision of cryptocurrency services and “serious money laundering” activities.
According to the latest information, the financial justice investigation service under the direction of the Paris government has conducted a preliminary investigation against Binance since February 2022. The Paris prosecutor’s office confirmed this information.
The investigation relates to allegations that Binance performed the illegitimate function of a service provider on digital assets (PSAN) and money laundering through concealed investment and investment activities. , conversions, and many other acts committed by certain criminals.
Previously, Binance was suspected of violating KYC (Know Your Customer) rules in France since 2022, even though the exchange is registered as a service provider on digital assets.
Following the announcement of the investigation, Binance issued a response and confirmed that the local regulator had conducted an investigation at the exchange’s headquarters in the region.
Binance has stated that it complies with all laws in France, as well as in every other market in which it operates. The exchange will not comment on the specifics of law enforcement or investigations, unless otherwise duly requested, and it warrants that information about its users is kept securely and only. provided to government officials upon receipt of appropriate supporting documentation.