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.
in my country also, they investigated binance but at the end binance was banned the reason was because of unregistered securities but i doubt france will do the same
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.
of course no jail time as they most likely will not find something completely illegal but only offenses that may not comply with their regulations they would probably just look for loopholes to penalize them