Allegations against Binance from French prosecutors “relates on the one hand to acts of illegal exercise” of operating as a digital asset service provider and “acts of aggravated money laundering, by competition with operations of investments, concealment, conversion, the latter being carried out by perpetrators of offenses having generated profits,” the Paris’ public prosecution office told CryptoX. Binance is registered as a PSAN or digital asset service provider, with the French financial regulator.
Binance Under Investigation in France, Accused of ‘Serious’ Money Laundering: Report
