Replace (Oct. 17, 2025, at 11:00 am UTC): This text has been up to date so as to add commentary by a Binance spokesperson.
France’s banking regulator is conducting extra Anti-Money Laundering (AML) checks on Binance and different cryptocurrency exchanges, as Paris lobbies for extra authority over Europe’s crypto business underneath the Markets in Crypto-Belongings Regulation (MiCA).
According to a Friday Bloomberg report, the French Prudential Supervision and Decision Authority (ACPR) is checking the Anti-Money Laundering compliance of Binance and “dozens of exchanges.” The report cited nameless sources who famous that the checks began final yr and are confidential.
The ACPR reportedly instructed Binance, specifically, to strengthen its threat controls final yr. A Binance spokesperson instructed Cointelegraph that “engagement with the ACPR is an ongoing element of working as an AML-registered firm.”
The corporate consultant added that “evaluations are are routine a part of the ACPR’s regulatory oversight.” The spokesperson additionally highlighted that — as acknowledged within the stories — “the ACPR is conducting these checks throughout dozens of exchanges.”
These inspections are reportedly imagined to confirm that establishments adjust to rules, with a deal with AML and Counter-Terrorist Financing (CFT). Because of final yr’s checks, Binance was reportedly requested to strengthen its compliance and threat controls.
Corporations are usually given a number of months to deal with deficiencies, typically by hiring extra compliance or data expertise employees to strengthen threat and cybersecurity techniques.
Associated: EU eyes central crypto oversight as MiCA faces tensions
France goes on energy journey
The renewed scrutiny comes as France indicators a more durable stance on the crypto business and a need to play a bigger function in European regulation. In mid-September, France warned it may try to block cryptocurrency companies working domestically underneath licenses obtained in different European nations.
On the time, the French securities regulator, the Autorité des Marchés Financiers (AMF), stated it was involved about potential regulatory enforcement gaps launched by unequal requirements throughout the European Union. This is able to undermine the regulatory passporting launched by Europe’s Markets in Crypto-Assets Regulation, or MiCA.
AMF chair Marie-Anne Barbat-Layani admitted that the transfer would signify a severe breach of belief in European markets. Nonetheless, she stated that “it’s nonetheless a risk we maintain in reserve.”
Associated: Santander, Crédit Agricole asset arm receives French crypto custody license
France desires energy over EU crypto
Earlier this month, the Financial institution of France known as on the European Union to grant the Paris-based European Securities and Markets Authority (ESMA) management over the cryptocurrency business. The central financial institution’s governor, François Villeroy de Galhau, warned in opposition to fragmented oversight.
Galhau claimed that counting on nationwide regulators could result in uneven enforcement throughout the EU. The necessity to implement guidelines constantly is especially dire because the crypto business is experiencing speedy development within the area.
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Cointelegraph by Adrian Zmudzinski France Investigates Binance’s Anti-Money Laundering Rules cointelegraph.com 2025-10-17 10:44:02
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