France has launched extensive anti-money laundering (AML) inspections targeting major cryptocurrency exchanges Binance and Coinbase as part of the preparatory steps for issuing EU-wide licenses under the new Markets in Crypto-Assets (MiCA) regulation. The French prudential authority ACPR has been conducting thorough on-site audits since late 2024, emphasizing strict compliance with AML and counter-terrorism financing rules. Binance has been ordered to bolster its risk management systems amid ongoing investigations, while Coinbase has improved its AML tools following a costly settlement with New York regulators. This regulatory push is part of France's broader initiative to enforce consistent oversight across Europe as the MiCA licensing deadline approaches in June 2026. Meanwhile, France also approved its first fully tokenized equity exchange, underscoring the nation's growing leadership in crypto and blockchain innovation.
Continue to read France Intensifies AML Inspections on Binance and Coinbase Ahead of EU MiCA Licensing
France has launched extensive anti-money laundering (AML) inspections targeting major cryptocurrency exchanges Binance and Coinbase as part of the preparatory steps for issuing EU-wide licenses under the new Markets in Crypto-Assets (MiCA) regulation. The French prudential authority ACPR has been conducting thorough on-site audits since late 2024, emphasizing strict compliance with AML and counter-terrorism financing rules. Binance has been ordered to bolster its risk management systems amid ongoing investigations, while Coinbase has improved its AML tools following a costly settlement with New York regulators. This regulatory push is part of France's broader initiative to enforce consistent oversight across Europe as the MiCA licensing deadline approaches in June 2026. Meanwhile, France also approved its first fully tokenized equity exchange, underscoring the nation's growing leadership in crypto and blockchain innovation.
Continue to read France Intensifies AML Inspections on Binance and Coinbase Ahead of EU MiCA Licensing
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