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.

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 announced the opening of a judicial investigation into Binance, the largest cryptocurrency exchange globally, on allegations of money laundering, tax fraud, and related offenses.