PARIS (Reuters) -French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

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Despite obtaining regulatory approval in 2022, Binance now faces intensified scrutiny as authorities probe past financial transactions and market practices.

The world's largest crypto exchange by trading volume is facing a new investigation into what the company calls "old" allegations in France.

Binance came under preliminary investigation by the Paris prosecutor's office for illegal canvassing of clients and "aggravated money-laundering." However, the crypt

French authorities have escalated their scrutiny of Binance, the world’s largest cryptocurrency exchange, by launching a judicial probe into allegations of money laundering, tax fraud, and other financial crimes,

Binance has been hit with another legal blow in less than two years. Today, French investigators announced the start of a judicial investigation into the world’s largest crypto exchange, which included allegations of tax fraud,