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.

 

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