French Regulator Expands AML Checks on Coinhouse and Binance Exchanges Reveals Bloomberg

France is intensifying its scrutiny of cryptocurrency exchanges through expanded anti-money laundering (AML) checks. This move aims to determine which platforms will be eligible for a European Union (EU)-wide operating license. According to Bloomberg’s recent report, Coinhouse and Binance are among the exchanges under review.
French Regulator Conducts AML Checks
The French Prudential Supervision and Resolution Authority (ACPR) has been conducting site inspections since late 2024. These inspections assess compliance with AML regulations for exchanges operating in the region.
- Exchanges under review: Coinhouse, Binance, and others.
- Inspections started: Late 2024.
- Deadline for license: End of June next year.
Implications for Cryptocurrency Exchanges
To secure the Markets in Crypto Assets (MiCA) license, exchanges must demonstrate compliance with the stringent requirements set by the ACPR. The MiCA license allows companies to provide services across the entire EU.
A spokesperson from Binance confirmed that their communication with the ACPR is a routine part of their AML compliance framework. They emphasized that AML framework reviews are integral to the ACPR’s regulatory activities.
Future of Exchanges at Stake
Failure to comply with ACPR regulations could jeopardize an exchange’s chance at obtaining the necessary licensing. The ongoing checks are part of a broader effort by French regulators to ensure the integrity and security of the cryptocurrency market.
Dozens of exchanges are reportedly facing similar scrutiny as outlined in ACPR’s annual report. This regulatory pressure reflects the growing importance of effective AML measures in the cryptocurrency sector.
As companies prepare for the upcoming licensing deadlines, continued engagement with regulatory bodies is crucial for their operations within the EU.