France Tightens AML Scrutiny of Binance, Coinbase: Impact on Crypto Markets

French authorities are stepping up scrutiny of cryptocurrency exchanges Binance and Coinbase, as the nation intensifies its anti-money laundering (AML) efforts within the digital asset sector. These investigations coincide with both firms’ pursuit of EU licenses under the new Markets in Crypto-Assets framework. The moves signal a tightening regulatory environment for the crypto industry, potentially impacting market stability.