Binance leaves the Netherlands and is under investigation in France.

French authorities are looking into Binance, the biggest cryptocurrency exchange in the world, according to French media sources.

Binance leaves the Netherlands and is under investigation in France.
Binance leaves the Netherlands and is under investigation in France.

 

The focus of the probe is on its anti-money laundering policies.

It comes following the company’s declaration that it was leaving the Netherlands after trying unsuccessfully to get a license from the Dutch central bank.

Binance acknowledged the French authorities’ visit to its premises last week in a statement and promised to abide by their requests.

The competent authorities paid us a visit last week. As usual, Binance was completely cooperative, and we fulfilled our commitments as a result. In order to uphold high standards, we continue to collaborate closely with regulatory and law enforcement organizations on all ongoing compliance needs, a company spokeswoman stated.

The trading of cryptocurrencies has grown in popularity in recent years among both individual and institutional investors.

 

Related Posts

7 money mistakes that keep you poor that you might not know

Managing money can be challenging, and making the wrong decisions can keep you from achieving financial stability. Here are some top money mistakes that keep you poor, along with tips…

Read more

Continue reading
Safest places to save your money as a young adult

Managing money can be challenging for people of all ages, but it’s especially hard when you’re young. You may not have much knowledge about many of the accounts where you…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Aviation Products Liability Insurance: Protecting Manufacturers

  • By djfly
  • May 19, 2025
  • 4 views
Aviation Products Liability Insurance: Protecting Manufacturers

Airport Insurance: Protecting the Hub of Aviation

  • By djfly
  • May 19, 2025
  • 5 views
Airport Insurance: Protecting the Hub of Aviation

Airline Insurance: Protecting the Skies

  • By djfly
  • May 19, 2025
  • 6 views
Airline Insurance: Protecting the Skies

GHACEM’s Price Reduction: A Boost to the Construction Industry

  • By djfly
  • May 19, 2025
  • 32 views
GHACEM’s Price Reduction: A Boost to the Construction Industry

‘I Am Not Gay, and I Will Never Be

  • By djfly
  • May 18, 2025
  • 33 views
‘I Am Not Gay, and I Will Never Be

Nana Agradaa Sued for Defamation Over Comments About Gifty Adorye

  • By djfly
  • May 17, 2025
  • 101 views
Nana Agradaa Sued for Defamation Over Comments About Gifty Adorye