French Authorities Conduct Anti-Money Laundering Inspections on Numerous Crypto Exchanges Including Binance

According to Bloomberg, France's Prudential Supervision and Resolution Authority (ACPR) has been conducting anti-money laundering inspections on several cryptocurrency exchanges, including Binance and Coinhouse, since late last year. The purpose of these inspections is to verify compliance with registration conditions. Over 100 cryptocurrency service providers are registered in France. The authorities are currently assessing the implementation of anti-money laundering and counter-terrorism financing measures to determine which businesses will be granted operational licenses across the European Union in the coming months. Binance, which operates the world's largest cryptocurrency exchange, was instructed last year by the ACPR to enhance its risk management systems...