Binance Faces Money Laundering, Tax Fraud, Drug Trafficking Probe in France
Investigators in France have initiated a judicial inquiry into allegations of money laundering, tax fraud, drug trafficking, and other charges against cryptocurrency exchange Binance.
The investigation was announced on Tuesday, with Binance representatives not immediately responding to requests for comment.
The probe is part of a wider crackdown on crypto platforms by French authorities, who are concerned about their potential role in financial crime.