France tightens scrutiny of cryptocurrency platforms for anti-money laundering, Binance is required to strengthen compliance

ChainCatcher news, according to Bloomberg, the French Prudential Supervision and Resolution Authority (ACPR) is conducting anti-money laundering/anti-terrorism financing compliance checks on dozens of crypto service providers registered as PSAN, involving over a hundred entities, including Binance and Coinhouse.

The report states that during last year's on-site inspections, the ACPR required Binance to strengthen its risk and compliance controls (such as hiring more compliance staff, enhancing IT security, etc.) and granted a several-month rectification period. The inspection results will be shared with the AMF; failure to rectify as required may affect the company's ability to obtain MiCA cross-EU licensing. French companies must be approved by the end of June 2026, and currently, only a few institutions (Deblock, GOin, Bitstack, CACEIS) have been approved.