Just-In: Binance Replies On France’s Money Laundering Investigation; Confirms On-Site Visit

Crypto News: The world’s largest crypto exchange, Binance is facing regulatory uncertainty and legal challenges all over the globe now. However, the crypto exchange issued a reply to the alleged investigation launched by the Paris prosecutor’s office against it.

Also Read: Binance Exits Another Country Amid Legal Uncertainty In US

Binance Facing Legal Challenges Globally

In the latest development, the Paris prosecutor’s office stated that Binance is facing an inquiry for illicit aggravated money laundering and canvassing of clients. The biggest crypto exchanges mentioned that on-site visits by regulators are part of their obligations in France.

Binance stated that the relevant French authorities paid an on-site visit last week. The crypto exchange reportedly collaborated with the inspectors and followed all obligations. It added that their team will work closely with the French regulators and law enforcement agencies up to high standards. Read More Crypto News Here…

(THIS IS A DEVELOPING NEWS)

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