PARIS: Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money laundering, French daily Le Monde reported on Friday (Jun 16). 'In France, on-site visits by regulators and inspectors are part
PARIS: Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money laundering, French daily Le Monde reported on Friday .
"We will not comment on the specifics of law enforcement or regulatory investigations except to say that information about our users is held securely and only provided to government officials upon receipt of documented appropriate justification."The reported investigation follows various setbacks for Binance including a Jun 5 decision by the US Securities and Exchange Commission to charge the company with evading securities laws. Binance disputes the SEC charges.
In May last year, Binance said it had registered with France's market regulator, adding it was seeking to open a regional headquarters in France.
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