🇫🇷 France vs. Binance 🚨: Exchange under fire for money laundering and tax fraud!⚖️

🇫🇷 France vs. Binance 🚨: Exchange under fire for money laundering and tax fraud!⚖️

French authorities have filed charges against Binance, the world’s largest cryptocurrency exchange, accusing it of money laundering, tax fraud, and other undisclosed financial crimes. The news, reported by Reuters on Tuesday (28), has sent shockwaves through the industry. 🌪️

🔺 What’s Happening? 🔎

🔺 The investigation, led by JUNALCO, a specialized financial crimes unit, has been ongoing for five years (2019-2024). Authorities allege that Binance operated in France without proper licensing, misled investors, and facilitated illicit activities.

🔺 Binance faces accusations of major compliance failures with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, allegedly allowing illegal funds to circulate freely.

🔺 Crimes under investigation: Drug trafficking, tax evasion, and terrorism financing.

🔺 Binance’s Response:

The company stated it was “deeply disappointed” with the decision by French authorities and denies all allegations, pledging to vigorously defend its innocence. However, skepticism in the market continues to grow…

#Binance #FinancialFraud #MoneyLaundering

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