Claim $500Just-In: Binance Confirms On-Site Visit In France’s Money Laundering Investigation
Crypto News: The world’s largest crypto exchange, Binance is facing regulatory uncertainty and legal challenges all over the globe now. However, the crypto exchange issued a reply to the alleged investigation launched by the Paris prosecutor’s office against it.
Also Read: Binance Exits Another Country Amid Legal Uncertainty In US
Binance Facing Legal Challenges Globally
In the latest development, the Paris prosecutor’s office stated that Binance is facing an inquiry for illicit aggravated money laundering and canvassing of clients. The biggest crypto exchanges mentioned that on-site visits by regulators are part of their obligations in France.
Binance stated that the relevant French authorities paid an on-site visit last week. The crypto exchange reportedly collaborated with the inspectors and followed all obligations. It added that their team will work closely with the French regulators and law enforcement agencies up to high standards.
The biggest crypto exchange denied to comment on the specifics of law enforcement or the ongoing investigation. However, It highlighted that all details of its users is held securely with them and would be provided to the authorities upon requirement. Read More Crypto News Here…
CZ Comes To Rescue
Changpeng Zhao, CEO of Binance called it another FUD and stated that surprise on-site inspections of regulated businesses are under norms in France. He added that these rules now follow for crypto exchanges too.
He mentioned that a surprise on-site for Binance France took place a couple of weeks ago and the exchange cooperated fully.
Also Read: Dump Alert: Celsius Plans To Sell Altcoins Under Reorganization Plan
As per CZ, Binance was not the only crypto business that was inspected over the last week but other well known crypto exchanges in Paris too went under the investigation.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Largest Ethereum Treasury Company Bitmine Enters Staking, Deposits 74,880 ETH
- Brian Armstrong Praises Indian Police for Arresting Ex-Agent in $400M Coinbase Hack
- JPMorgan Flags Risky Stablecoin Activity, Freezes Account of Two Firms
- Another U.S. Government Shutdown Looming JAN 31? Congress Left Town With No Deal
- Are XRP and Midnight Ahead in Tokenization? Cardano’s Hoskinson Sparks Debate Amid Canton Push
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
- Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
