France is leading the charge against crypto regulation in Europe, seeking to establish itself as a central authority for platform oversight. Binance, a prominent exchange targeted by these efforts, finds itself at the heart of a strategic showdown between Paris and the broader industry. French authorities are intensifying their scrutiny on exchanges, with the ACPR implementing enhanced checks for anti-money laundering compliance. This includes more detailed audits to ensure Binance and other platforms meet regulatory requirements. The ACPR also requested specific measures from Binance, including strengthening risk management systems, bolstering compliance teams, and improving IT systems for suspicious transaction detection. While acknowledging these inspections are a normal part of operation, Binance emphasizes its commitment to regulatory compliance within France’s AML framework.