BlockBeats News, October 17th, according to Bloomberg, France is expanding its anti-money laundering scrutiny on cryptocurrency exchanges, with regulators seeking to identify among over 100 institutions offering crypto services registered in the country, which ones will receive operational licenses at the EU level in the coming months.
According to sources familiar with the matter, the French Prudential Supervision and Resolution Authority (ACPR) has been conducting reviews of dozens of exchanges since the end of last year. These sources stated that, due to the confidential nature of this process, they requested anonymity.
Sources mentioned that platforms such as Binance are currently undergoing scrutiny by ACPR officials. One of the sources stated that, as part of these reviews, the regulatory agency requested the operator of the world’s largest cryptocurrency exchange, Binance, to enhance its risk controls last year.
