Binance: will not comment on the specific details of the regulatory investigation, user information is safe

Binance tweeted, “To clarify: In France, on-site visits by regulators and inspectors are part of the regulatory obligations that all financial institutions must comply with. We received an on-site visit from the relevant authorities last week. Binance, as always and we have met our obligations accordingly. We continue to work closely with regulators and law enforcement on all ongoing compliance requirements in order to maintain high standards. Binance invests a significant amount of time in working with law enforcement around the world and resources. We comply with all laws in France, as we do in every other market. We do not comment on the specifics of enforcement or regulatory investigations other than to say that information about our users is safe and only It will only be provided to government officials when it receives a documented and appropriate reason.” Foresight News previously reported that, according to CoinDesk, the Paris prosecutor’s office stated that Binance is being punished by local authorities for “illegally” providing digital asset services and “serious money laundering.” investigation by the authorities.