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French MEP asks regulator to justify Binance approval, cites Reuters report

LONDON (Reuters) -A French Member of the European Parliament (MEP) urged France’s market regulator to review its decision to register the Binance cryptocurrency exchange, citing a recent Reuters investigation into money laundering on the platform. In a June 13 letter, Aurore Lalucq, also a member of the European Parliament’s Committee on Economic and Monetary Affairs, asked the AMF regulator to justify its “incomprehensible” decision to register a Binance unit as a digital assets service provider. As a basis for her concerns, Lalucq cited a statement from Britain’s financial regulator last year which said Binance was “not capable of being effectively supervised,” and the Reuters report, published in June, which found Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds.

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