France has launched an investigation into Binance for serious allegations, including aggravated money laundering, tax fraud and drug trafficking. The investigation covers Binance’s activities from

French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

The world's largest crypto exchange by trading volume is facing a new investigation into what the company calls "old" allegations in France.