Binance Under Investigation in France, Accused of ‘Serious’ Money Laundering

The charges against Binance from French prosecutors “relate to acts of illegal practice” on the one hand by operating as a digital asset service provider and “acts of aggravated money laundering, investment, concealment, conversion by competition with operations, subsequently “Profits have been made by the perpetrators of the crimes,” the Public Prosecutor’s Office in Paris told CoinDesk. Binance is registered as a PSAN, or digital asset service provider, with the French financial regulator.