French buyers sued Binance for over 2.4 million euros in losses By Cointelegraph

Binance France and its dad or mum firm Binance Holdings Restricted are being sued by 15 buyers in France over alleged deceptive industrial practices and fraudulent concealment, in accordance to native media stories.

In a grievance filed on Dec. 14, the plaintiffs claimed that Binance violated French legal guidelines by promoting and distributing crypto providers earlier than receiving registration from the nation’s authorities. As reported by Cointelegraph, France’s monetary market regulator, the Autorité des marchés financiers, has granted Binance a license as a digital asset supplier in Could 2022. The license allowed the crypto trade to supply providers comparable to property custody and crypto buying and selling.