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French authorities have initiated a judicial investigation into Binance, the world's largest cryptocurrency exchange, over allegations of money laundering and other charges. The probe, which began on January 28, 2025, examines activities from 2019 to 2024, focusing on offenses committed in France and across the European Union. Binance has denied these allegations, asserting compliance with all applicable laws and regulations, according to Reuters.
"France should start with dealing with their crimerates first," said Tom Nat0r, Entrepreneur. "instead of trying to bring down crypto in every way possible."
As reported by Le Monde, France has seen a notable increase in drug-related violence, with gang-related homicides and attempted homicides rising by 41% in 2023. This increase is attributed to the growing availability of narcotics throughout the country, impacting both urban and rural areas. The surge in violence has raised concerns among officials regarding community safety and security.
