Binance and Coinbase Face French AML Scrutiny Amid Regulatory Crackdown

French authorities have initiated anti-money laundering (AML) investigations into both Binance and Coinbase, examining their compliance with EU regulations ahead of potential licensing decisions. The probes are focused on activities from 2019 to 2024 for Binance. Notably, JUNALCO in Paris is conducting the investigation, which includes both companies. While speculation suggests Coinbase might be under scrutiny as well, these investigations highlight growing regulatory pressures on cryptocurrency platforms.