France turns up heat on Binance and rivals amid EU power struggle: Report

French regulator ACPR is auditing Binance and other exchanges as Paris seeks a greater role in enforcing MiCA rules across Europe.

Update (Oct. 17, 2025, at 11:00 am UTC): This article has been updated to add commentary by a Binance spokesperson.

France’s banking regulator is reportedly conducting additional Anti-Money Laundering (AML) checks on Binance and other cryptocurrency exchanges, as Paris lobbies for more authority over Europe’s crypto industry under the Markets in Crypto-Assets Regulation (MiCA).

According to a Friday Bloomberg report, the French Prudential Supervision and Resolution Authority (ACPR) is checking the Anti-Money Laundering compliance of Binance and “dozens of exchanges.” The report cited anonymous sources who noted that the checks started last year and are confidential.