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Binance France is suspected of having failed to comply with K now Your Customer (KYC) procedures and anti-money laundering laws (AML). It is suspected that the exchange has approached French customers outside the legal framework until 2022. Binance received its PSAN or digital asset service provider license in May 2022. advertisement “Investigation relates on the one hand to acts of illegal exercise of the function of service provider on digital assets (PSAN), and on the other hand, acts of aggravated money laundering, by participating in investment operations, concealment, conversion, the latter being carried out by perpetrators of offenses having generated profits.” According to Paris public prosecutor’s office, the investigation is conducted by the judicial investigation service of finance under the direction of the specialized interregional jurisdiction of Paris since February 2022, reported Le Monde. The news comes after Binance announce...

The South African BRICS ambassador Anil Sooklal confirmed on Thursday that European countries have expressed interest to join the alliance. The development comes at a time when France is looking to end reliance on the U.S. dollar for global trade. French President Emmanuel Macron called for Europe to resist the pressures of becoming “America’s followers” . Macron also called for the European Union to end reliance on the U.S. dollar as the currency comes with a “great risk” . He added that Europe must not be “caught up in crises that are not ours,” hinting at the dollar’s debt crisis. Also Read: BRICS: What Happens if Mexico Joins the Alliance? France to be the First European Country to Join BRICS Alliance? Source: japantimes.co.jp (Photo by LUDOVIC MARIN / AFP) While Sooklal did not mention the names of the European countries that have expressed interest to join BRICS, all indicators point towards France. In March, France settled an LNG gas trade with China by payin...