Binance faces French investigation for alleged money laundering.

Days before French police raided Binance's Paris office, the exchange's top French executive, David Prinçay, dismissed concerns about U.S. regulatory charges impacting Binance's other operations. French prosecutors have opened a probe into "aggravated money-laundering" by the crypto exchange, and the company is also being probed over operating an unauthorized exchange. Binance faces over a dozen charges from the SEC and a similar slate of allegations from the Commodity Futures Trading Commission.