Overview
- The ACPR has been conducting on-site reviews since late 2024 to evaluate more than 100 PSAN-registered firms in France.
- Inspectors instructed Binance to strengthen risk management and compliance controls, which the company says it is addressing in cooperation with regulators.
- Exchanges that do not remedy deficiencies face penalties or exclusion from MiCA authorization, blocking EU-wide operations.
- Only a handful of providers—Deblock, GOin, Bitstack and CACEIS—have secured approval so far, with a licensing deadline set for June 2026.
- A separate investigation by French prosecutors into Binance over alleged money laundering, tax fraud and unlicensed operations remains open.