June 16 (Cointime) - Binance is facing an investigation in France for allegedly providing illegal digital asset services and supporting acts of aggravated money laundering. The company is accused of offering these services to French customers through its local division, and regulators have been investigating since February 2022. Binance recently exited the Netherlands after failing to obtain a license and comply with anti-money laundering regulations. The company is also under scrutiny from the US Securities and Exchange Commission for allegedly operating an unregistered securities exchange and offering illegal securities trading to American investors.

June 16 (Cointime) - Binance is currently being investigated by French authorities for allegedly providing illegal digital asset services and engaging in acts of aggravated money laundering. The investigation centers around Binance's illegal exercise of the function of PSAN and its involvement in operations of investments, concealment, and conversion. Binance is also facing a lawsuit from the U.S. Securities and Exchange Commission for failing to register as a trading platform and selling unregistered securities. The company has announced that it is quitting the Netherlands after failing to obtain a license that meets the country's anti-money laundering guidelines.

June 16 (Cointime) - Binance, the world's largest cryptocurrency exchange, is exiting the Dutch market as it failed to obtain a virtual asset service provider (VASP) license from the Dutch regulator. From July 17, Dutch residents will only be able to withdraw their funds from the platform. Binance has been in a registration application process as a VASP with the regulator, but alternative avenues to comply with Dutch regulations have not resulted in a VASP registration. Existing Dutch resident users will receive an email with information about their accounts and any necessary steps to take.

June 16 (Cointime) - Binance, the largest digital currency trading platform, has removed PEPE as a borrowable asset from its Flexible Loan program. The delisting will take effect on June 21, and all outstanding PEPE loan positions will be closed. Binance is urging users to pay off their outstanding PEPE loans to avoid direct liquidation, with a 2% liquidation fee for those who get liquidated. Despite the delisting,

Filecoin's former support at $4 was unable to withstand seller pressure last week, and further losses are expected due to imbalances on the chart. The USDT dominance continued to rise as investors turned to stablecoins amid market fear, and the US SEC's legal action against Binance led to crypto outflows across exchanges.

Coinbase users in the SEC lawsuit may be granted Amicus Curiae status, as lawyer John Deaton has asked if users of Coinbase and Binance can unite to fight for themselves. This could be a significant development in the history of the crypto market, as the lawsuits against the exchanges could drag on for a long time.

June 16 (Cointime) - Binance has minted over 1 billion TrueUSD (TUSD) coins on the Tron blockchain, possibly in an attempt to offset the damage caused by the tanking Binance coin (BNB) and the current stablecoin crisis. The BNB coin has lost 24% of its market cap since the SEC sued the trading platform on June 5, and Binance allegedly unloaded its Bitcoin stash to buy out some of the tanking BNB.

June 16 (Cointime) - Cryptocurrency exchange Binance has recently released a blog post detailing how it protects user funds through risk control measures. Binance stated that the exchange employs multiple security measures to ensure that users' digital assets are protected to the fullest extent.

June 16 (Cointime) - Binance's US affiliate has reportedly laid off employees following allegations of violating securities laws and an asset freeze by regulators. The number and seniority of the affected employees could not be independently verified.

June 15 (Cointime) - Binance's layer-1 blockchain, BNB Chain, has teased a major announcement coming on June 19th, following the successful implementation of the Luban hard fork upgrade. BNB Chain has hinted at a "Layer 2 Blockchain Solution" in a teaser video posted on its official Twitter account, which suggests a high-performance Layer-2 Ecosystem with high capacity and low-cost transaction processing.