French authorities have escalated their scrutiny of Binance, the world’s largest cryptocurrency exchange, by launching a judicial probe into allegations of money laundering, tax fraud, and other financial crimes,

France has launched an investigation into Binance for serious allegations, including aggravated money laundering, tax fraud and drug trafficking. The investigation covers Binance’s activities from

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.