French authorities, Binance Exchange between 2019 and 2024 against the activities of money laundering and tax evasion of the investigation of the investigation began.
Official investigation from Binance from the Paris Prosecutor’s Office
According to the Reuters dated January 28, the Paris Public Prosecutor’s Office Department of Economic and Financial Crimes took examination of Binance’s alleged activities to be linked to money laundering and drug trade. Binance users also claim that they have been given false information by the stock market and as a result they have experienced investment losses.
French authorities, crypto currency exchange Binance’i 2019 and 2024 against the activities of money laundering and tax evasion of the investigation of the investigation of the investigation.
Official investigation from the Paris Prosecutor’s Office
According to the Reuters dated January 28, the Paris Public Prosecutor’s Office Department of Economic and Financial Crimes took examination of Binance’s alleged activities to be linked to money laundering and drug trade. Binance users also claim that they have been given false information by the stock market and as a result they have experienced investment losses.
It was previously suggested that French authorities have been investigating Binance’s local activities about money laundering and other illegal activities since at least 2022. Although Binance is requested from a comment on these new claims, there is no response as of its publication time.
Crypto arrangements and pressures on Binance are increasing
Although France has increased regulatory controls for crypto currency service providers, it continues to allow these companies to operate in the country under appropriate licensing regulations. This investigation against Binance came about 30 days after the announcement of another crypto currency exchange Bybit that it would stop its operations in France until January, citing legal regulations.
Legal and legal problems against Binance at international level
Binance faces many cases and investigations not only in France but also globally. The securities and stock exchange commission (SEC) in the United States is still in a civilian case against Binance in 2023. However, under a new presidential administration, the course of these cases may change.
Former Binance CEO Changpeng “CZ” Zhao agreed to an accusation in 2024 as part of an agreement with US authorities, and had been in federal imprisonment for four months. Although Zhao has been greatly withdrawn from his position as CEO, Binance announced that former CEO will play an active role in the recently re -branded Yzi Labs technology incubator.
Legal processes in Australia
Between 2022 and 2023, the Australian derivative branch of Binance, which was allegedly classified by more than 500 retail customers, also faced the legal procedures of the Australian Securities and Investments Commission (ASIC) in December. The French regulator claimed that the platform did not offer the necessary protection to consumers.
These legal and regulatory problems faced by Binance show that the platform is under the international level of control. This new investigation in France, Binance’s influence on global reputation and reflections in other countries are eagerly awaited.
