Quote from: Distinctin on January 30, 2025, 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,

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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.

Permits in each country are different; many countries agree because of tax revenues or the kindness of the people, so that they are not deceived by investments that ensure the security of their money. Therefore, many countries are considering licensing exchanges, such as Binance. The United States, for instance, continues to tighten regulations on exchanges and investigate matters that are important for its citizens, ensuring they are not involved in money laundering cases and, of course, that it is safe for everyone there.

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