Crypto exchange Binance is at the center of an investigation following reports that French investigators have launched a judicial probe into charges against the exchange. This continues the long-running saga between the crypto exchange and the French government following reports of a preliminary investigation by the authorities.
French Investigators Launch Judicial Probe Into Charges Against Binance
According to a Reuters report, French investigators announced today that they have opened a judicial probe into charges against Binance. These include money laundering, tax fraud, drug trafficking, and other charges against the top crypto exchange.
This continues a saga that dates back to 2023 when the French authorities first announced an investigation into Binance for providing illegal crypto services to locals and failing to implement a proper anti-money laundering framework. After facing significant regulatory pressure, the crypto exchange eventually had to exit the French market last year.
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.
Binance has yet to release a statement regarding the latest move of French investigators into money laundering and other charges leveled against the crypto exchange.
The post Breaking: French Investigators Launch Judicial Probe Into Charges Against Binance appeared first on CoinGape.
