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France Launches New Investigation Of Binance

By Benjamin Abioye

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France Launches Investigation Into Binance's Operations

Binance, a major global crypto exchange, is under investigation by France’s financial markets regulator.

This is not the first time the company has faced regulatory issues.

In 2023, Binance and its former CEO, Changpeng “CZ” Zhao, were charged by the US Department of Justice, leading to a record $4 billion fine and CZ’s resignation.

Binance has also pulled out of several European countries, such as the Netherlands, Belgium, the UK, and Germany, due to strict anti-money laundering rules. These actions reflect the ongoing regulatory challenges faced by the platform.

Implications for Binance and the Crypto Market
The current investigation could make it harder for Binance to expand in Europe, particularly in France, which is a key market for the exchange. It may also affect Binance’s chances of gaining approval under the Markets in Crypto-Assets (MiCA) framework, which could further limit its growth in the region.

Since the start of 2023, Binance’s market share among non-USD exchanges has dropped from 70% to below 45% by early 2025. This investigation could lead to even more market share losses.

The ongoing regulatory issues could erode investor confidence in Binance and the overall cryptocurrency market. It also highlights the continuing difficulty that crypto exchanges face when trying to comply with traditional financial regulations, especially in areas like anti-money laundering (AML) and know-your-customer (KYC) practices.
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