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.
There is always a bargaining chip on the table and if the case is not in the realm of criminal violations then there will be a possible agreement for both parties to settle. In my country, we also used to face regulatory problems but slowly it was resolved because of the good intentions of Binance in resolving the problem. We know that all of this is nothing more than a matter of money and sometimes it is not only about money but there are other motives as an effort to cooperate that is desired.
In the end we will see them trying to offer cooperation because there are many benefits that can be obtained through the exchange and that is exactly what makes policies to smooth their steps as an effort to gain profit from the company as has happened before for several countries regarding the exchange.