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.

Binance came under preliminary investigation by the Paris prosecutor's office for illegal canvassing of clients and "aggravated money-laundering." However, the crypt

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French authorities are investigating Binance for money laundering and other crimes; the crypto exchange denies 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.