Binance Responds to French Investigation

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Binance, a crypto exchange, has reacted to stories that claim it is being investigated by French officials.

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The company said:

In France, on-site visits by regulators and inspectors, are part of regulatory obligations to which all financial institutions must adhere.

We had an on-site visit last week by the relevant authorities. Binance, as always, was fully collaborative and we met our obligations accordingly. We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards.

Binance invests considerable time and resources into cooperating with law enforcement globally. We abide by all laws in France, just as we do in every other market we operate.

We will not comment on the specifics of law enforcement or regulatory investigations except to say that information about our users is held securely and only provided to government officials upon receipt of documented appropriate justification.

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