Quote from: Distinctin on Today at 12:30:26 PM

in the recent news, "French investigators open fraud probe against crypto platform Binance"..

https://www.reuters.com/technology/french-investigators-open-money-laundering-probe-against-crypto-platform-binance-2025-01-28/

So this will be the period that they will be investigating,

Quote

The investigation is examining the period from 2019 to 2024, involving offences committed in France but also in all European Union countries, JUNALCO said.

For sure, there will be a lot of violations found, and I’m pretty sure the French government is just trying to follow what the U.S. did in investigating Binance.

No jail time here for sure as Binance has more than enough resources to handle this. So most likely, we’re looking at another billion-dollar settlement, maybe even more.

Binance and CEXs have been milking people for years. They are charging people 0.1% fee on each trade, that's ridiculously high amount because there are millions of trades done daily. That's why these exchanges are so rich and capable to pay billion dollar fines.

Quote from: Z-tight on Today at 07:50:00 PM

I don't think this is a case of every country trying to milk binance, rather it is about binance failing to fully comply with regulators and follow their laws and regulations.

Of course Binance always fails to comply with regulators and they regularly break the law but I think that countries really try to milk it. What were they doing till 2024? All of a sudden, every country decided that Binance breaks the law and they should pay charges while they could do it in 2020, 2021, 2022 and 2023.
In the US, I think that the reason mostly was Bitcoin ETF approval cause these companies don't want Binance as their competitor.