French authorities have initiated a fresh investigation into Binance, raising concerns about the crypto exchange’s adherence to anti-money laundering rules. This move follows France’s commitment to bolstering European Union (EU) regulations for crypto companies as MiCA law draws nearer to full implementation. 100+ registered crypto firms are being scrutinized by the ACPR, with Binance and Coinhouse facing close scrutiny during the inspection. This action comes at a time when EU nations push for a unified approach to regulating cryptocurrencies. France, Italy, and Austria have requested that ESMA take on a more active role in supervising large crypto companies. Binance faces legal pressure as it approaches the deadline set by France for MiCA licensing, with only a handful of firms securing approval.