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,
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.
At least the exchange has enjoyed huge illegal tax holidays and countries are beginning to put on their searchlight towards Binance another thing is that Binance has been used for a lot of illegal financial transactions and that also calls for investigations.
The fact that Binance claims to be a centralized regulatory compliance exchange, makes it mandated for them to pay taxes to the government of each country in that they have operations and generate huge revenue, there must be some point where licensing becomes very important.