Binance has been investigated by French authorities on charges of money laundering, fraud tax, drug trafficking, and more.
Binance said Decrypt The allegations, according to a press release released on Tuesday were false. "several years old," This was the case "deeply disappointed" Hear it being furthered.
France's financial judicial investigation service Start investigating Binance is coming back to 2023.
Binance has confirmed that it is a reputable company Decrypt that France's National Jurisdiction for the Fight against Organized Crime (JUNALCO) had taken the decision to refer the case to the French judiciary for further investigation.
Reuters The first to report the news was. Paris prosecutors announced in a press release that they would investigate Binance’s compliance with the money laundering laws in France, and in other European countries, between 2019-2024.
The exchange was investigated for violating the law in using influencers to promote videos before it had been registered as a French digital asset provider.
Binance says: "While we do not usually comment on legal proceedings as a matter of policy, Binance fully denies the allegations and will vigorously fight any charges made against it."
The French started their investigation into the exchange of currency in 2023. "aggravated money laundering."
The world’s largest cryptocurrency exchange, Binance has previously been under investigation by other authorities.
Binance CEO Changpeng, former founder of Binance "CZ" Zhao “Sentence” Four months of prison in the last year, after you pleaded guilty in 2023 to violating money laundering laws.
Editor's note: This story was updated to add more context.
Editor by Stacy Elliott