The world's largest cryptocurrency exchange faces setbacks in Europe.
The world's largest cryptocurrency exchange, Binance is being investigated by French authorities, according to media reports in France.It follows the announcement of the company's departure from the Netherlands after it failed to obtain a licence from the Dutch central bank.
"We had an on-site visit last week by the relevant authorities. Binance, as always, was fully collaborative and we met our obligations accordingly. We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards," a company spokesperson said.
However questions have been raised about the risks associated with crypto because of their prices can experience huge swings in value.
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