French authorities have expanded their investigation into cryptocurrency exchange Binance over alleged violations of European money laundering and terrorist financing laws, as reported by the Financial Times.
Prosecutors claim that Binance is "likely to have assisted in habitual money laundering . . . in particular drug trafficking and tax fraud." The probe, covering 2019 to 2024, builds on an earlier inquiry into whether the exchange illegally marketed its services in France before securing regulatory approval. Binance denies the allegations, stating it is "deeply disappointed" that the "several years old" case remains under investigation.
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