
French Prosecutors Target Binance in Major Financial Crime Investigation
French investigators escalate their scrutiny of Binance with formal charges, marking a significant development in the exchange’s ongoing regulatory challenges.
French investigators escalate their scrutiny of Binance with formal charges, marking a significant development in the exchange’s ongoing regulatory challenges.
French financial regulators reveal alarming crypto fraud statistics, with victims losing an average of €29,000 as scammers deploy AI-enhanced deception tactics.
The “enhanced” registration requirements will be effective from January 1, 2024.
OKX’s DASP registration comes after the 27 EU member countries unanimously agreed on the Markets in Crypto Assets (MiCA) regulation.
Those violating the law could be sentenced to up to two years in jail as well as a fine of 30,000 euros, in addition to losing their social media accounts.
It is expected that somewhere along the line, both parties will come up with a bigger solution that will allow payments to merchants in fiat currency.