Binance’s French unit is under investigation by local authorities for the “illegal” provision of digital asset services and “acts of aggravated money laundering,” the Paris public prosecutor’s office has confirmed to CoinDesk.
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 CoinDesk. Binance is registered as a PSAN or digital asset service provider, with the French financial regulator.
‘Enforcement 40’ for 2020
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