French investigators open probe into Binance

French law enforcement authorities have opened a judicial investigation into the cryptocurrency platform Binance.

The company is suspected of a series of offences, including money laundering, tax evasion, drug trafficking and other illegal activities.

According to local media reports, the investigation is linked to the platform's operations within France, as well as its international activities. 

Preliminary data suggests that the probe covers potential schemes involving the use of cryptocurrencies to conceal illegally obtained funds and circumvent financial regulations.

Binance, which is one of the largest crypto exchanges in the world, has previously faced similar allegations in other countries. However, this case in France could become one of the most significant challenges for the company in Europe.