"Crypto exchange Binance faces money laundering probe in France" was originally created and published by Electronic Payments International, a GlobalData owned brand.

French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

Binance, the world's largest cryptocurrency exchange, is under investigation in France for money laundering, tax fraud, and more charges.

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Despite obtaining regulatory approval in 2022, Binance now faces intensified scrutiny as authorities probe past financial transactions and market practices.

PARIS (Reuters) - French investigators said on Tuesday they have opened a judicial probe into money laundering, tax fraud, drug trafficking and other charges against crypto platform Binance. Spokespeople for Binance did not immediately respond to a request for comment.

French authorities have escalated their scrutiny of Binance, the world’s largest cryptocurrency exchange, by launching a judicial probe into allegations of money laundering, tax fraud, and other financial crimes,