A group of French investors has filed a complaint against the local division of Binance for misrepresentation and non-compliance with the country’s laws. Write about it Reuters.
According to the agency, customers of the bitcoin exchange have turned to the Paris prosecutor’s office. According to them, Binance conducted marketing campaigns on Instagram and Telegram before receiving approval to work from the country’s authorities.
Little data local media, the complaint was filed on December 14 on behalf of 15 investors. They also claim that the advertised exchange algorithmic stablecoin FSO as backed by the US dollar. After the earth collapses they would have lost over 2.4 million euros.
Binance French blog noticedwho have not carried out marketing campaigns in the period in question. The exchange also stressed that it always warns users about the risks of investing in cryptocurrencies.
In November 2021, the head of Binance, Changpeng Zhao declared on plans to become a digital asset service provider in France and opening a regional office. At the same time, the exchange announced a joint initiative with France FinTech to support local blockchain startups. for an amount of 100 million euros.
May 2022 the company was licensed service provider in the digital assets market from mf extension with consent ACPR.
Recall that in December Reuters, citing anonymous sources disagreements reported in the US Department of Justice with allegations against the management of Binance.
The agency previously provided data that the exchange has been processing information related to Iran since 2018. transactions worth $8 billiondespite US sanctions.
Read the ForkLog bitcoin news in our Telegram – Cryptocurrency news, courses and analysis.
Found an error in the text? Select it and press CTRL+ENTER
