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Coin Edition 2025-01-29 05:41:57

France to Investigate Binance Over Laundering Accusations

Binance is under judicial investigation by France Allegations consist of money laundering, tax fraud, drug trafficking, and other criminal activities It’s not the first time that the cryptocurrency exchange had legal trouble Just this Tuesday, French authorities launched a judicial investigation into Binance. The investigation includes allegations of money laundering, tax fraud, drug trafficking, and other criminal activities. National Jurisdiction against Organized Crime (JUNALCO), said that the investigation covers the period from 2019 to 2024, involving criminal activities that took place within France and across the entire European Union. It looks like the whole operation kicked off because of users’ complaints. Their objections alleged financial losses stemming from misleading information, accusing the platform of operating without obtaining the necessary regulatory authorizations. Binance has yet to say anything on this matter. Related: Binance Poll Reveals BNB’s Gains, Losses, and Market Divide Not the First Time Binance Has Been in Hot Waters This isn’t the only time Binance has found itself in hot waters. Over the last few years,… The post France to Investigate Binance Over Laundering Accusations appeared first on Coin Edition .

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