French authorities are investigating Binance for alleged money laundering and illegal provision of digital asset services1. The French branch of Binance is suspected of aggravated money laundering and illegal exercise of the function of digital asset service provider (PSAN)1. French authorities have opened two preliminary investigations into Binance France1. The first investigation is being carried out by the Financial Judicial Investigation Service under the direction of the Specialized Interregional Jurisdiction (JIRS) in Paris to determine whether Binance allowed malicious people to launder dirty money through its platform , taking advantage of its relative anonymity and ease of use1.