{"id":52291,"date":"2023-06-16T12:43:30","date_gmt":"2023-06-16T16:43:30","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52291"},"modified":"2023-06-16T13:11:03","modified_gmt":"2023-06-16T17:11:03","slug":"binance-confirms-visit-to-france-during-money-laundering-probe","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-confirms-visit-to-france-during-money-laundering-probe\/","title":{"rendered":"Binance Confirms Visit to France During Money Laundering Probe"},"content":{"rendered":"\n<p>According to the Paris Prosecutor's Office, Binance is being investigated for illegal, aggravated<a href=\"https:\/\/coinscreed.com\/staging\/india-enforces-anti-money-laundering-laws-on-crypto-transactions.html\" target=\"_blank\" rel=\"noreferrer noopener\"> money laundering<\/a> and soliciting clients.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"711\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin-1024x711.jpg\" alt=\"\" class=\"wp-image-52293\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin-1024x711.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin-300x208.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin-768x533.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin-750x521.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin-1140x791.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Binance Confirms Visit to France During Money Laundering Probe<\/figcaption><\/figure>\n\n\n\n<p>The largest cryptocurrency exchange in the world, is currently confronting regulatory uncertainty and legal challenges worldwide. However, the cryptocurrency exchange responded to the alleged Paris prosecutor's office investigation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-binance-faces-global-legal-challenges\">Binance Faces Global Legal Challenges<\/h2>\n\n\n\n<p>In a recent development, the Paris prosecutor's office revealed that Binance is under investigation for illicit money laundering and solicitation of clients. The largest crypto exchanges mentioned that regulator visits on-site are a requirement in France.<\/p>\n\n\n\n<p>According to the company, the French authorities visited Binance's offices last week. The <a href=\"https:\/\/coinscreed.com\/staging\/binance-to-launch-cryptocurrency-exchange-in-south-korea.html\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrency exchange<\/a> reportedly cooperated with investigators and complied with all regulations. According to the statement, their team will collaborate closely with French regulators and law enforcement agencies to maintain high standards.<\/p>\n\n\n\n<p>The world's largest cryptocurrency exchange declined to comment on law enforcement or the ongoing investigation. However, it emphasized that all user information is stored securely and will be provided to the authorities upon request.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Changpeng Zhao Comes To Rescue<\/h3>\n\n\n\n<p>The CEO of Binance, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Changpeng_Zhao\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Changpeng Zhao<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, referred to it as another example of fear-mongering and stated that unannounced on-site inspections of regulated businesses are commonplace in France. He added that these regulations now also apply to cryptocurrency exchanges.<\/p>\n\n\n\n<p>A couple of weeks ago, he stated, Binance France was surprised on-site, and the exchange cooperated entirely. Additionally, Celsius intends to sell altcoins as part of a reorganization plan.<\/p>\n\n\n\n<p>According to CZ, Binance was not the only crypto business inspected in Paris during the past week; other prominent crypto exchanges were also investigated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Paris Prosecutor&#8217;s Office, Binance is being investigated for illegal, aggravated money laundering and soliciting clients. The largest cryptocurrency exchange in the world, is currently confronting regulatory uncertainty and legal challenges worldwide. However, the cryptocurrency exchange responded to the alleged Paris prosecutor&#8217;s office investigation. Binance Faces Global Legal Challenges In a recent development, [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":52293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[9478,5604,9558],"class_list":["post-52291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance-news","tag-cz","tag-france-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/bin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52291"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52293"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}