AML checks
Coinbase and Binance are among the cryptocurrency exchanges targeted by the French regulator for expanded anti-money laundering (AML) checks, according to Bloomberg. This move reflects increasing scrutiny on digital asset platforms amid concerns over compliance with financial regulations. The French regulator aims to enhance oversight of cryptocurrency transactions to prevent illicit activities. As part of this initiative, exchanges will be required to implement stricter measures to monitor and report suspicious transactions. The regulatory landscape for cryptocurrencies continues to evolve, with authorities worldwide focusing on ensuring that exchanges adhere to AML standards.
