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Franco Righi, Founder and CEO of Modena Automobili Srl, has commented on the ongoing investigation into Binance, stating that it is part of a broader conflict against cryptocurrencies, including Bitcoin and Binance itself. This statement was made on X on January 28.
Righi's post referred to the judicial investigation initiated by French authorities into Binance. The probe examines allegations of money laundering, tax fraud, and other charges. Binance has denied these allegations, asserting that it has made significant advancements in anti-money laundering (AML) and compliance practices. The company claims to have adopted global standards for Know-Your-Customer (KYC) checks and improved employee training. According to Reuters, Binance remains committed to cooperating with regulators and maintaining its operational integrity.
The French Senate recently approved its 2025 budget, which includes an "unproductive wealth" tax targeting digital assets such as Bitcoin. If enacted, this measure would impose an annual tax on unrealized gains from cryptocurrencies. This means holders would be taxed on the increased value of their assets even if they had not sold them, as per the senate website.
Righi's X post
| https://x.com/FrankRight63/status/1884242089178964158
