u.today
French investigators have launched an investigation into cryptocurrency giant Binance, according to Reuters.
The leading cryptocurrency trading platform is reportedly being probed for money laundering, tax frauds as well as other illicit activities.
Back in 2023, the Paris prosecutor's office said that the exchange was under a preliminary investigation related to money laundering violations.
The exchange obtained registration from the country's crypto regulator back in May 2022.
Changpeng Zhao, the former Binance CEO, remains the sole shareholder of Binance France.