French authorities have begun a judicial probe into Binance for alleged money laundering, tax fraud, and drug trafficking, applying new scrutiny to the exchange’s operations.
Despite previously receiving regulatory approval in France, Binance is now accused of failing to comply with its obligations, opening possibilities for criminal charges against them.
Binance faces scrutiny not only from French regulators but also from various global authorities, making its operational challenges more complex. Emergency measures may be needed to address these legal hurdles.