{"id":37530,"date":"2022-12-26T00:22:25","date_gmt":"2022-12-26T00:22:25","guid":{"rendered":"https:\/\/lydian.io\/?p=37530"},"modified":"2022-12-26T00:22:26","modified_gmt":"2022-12-26T00:22:26","slug":"french-investors-sued-binance-for-over-2-4-million-euros-in-damages","status":"publish","type":"post","link":"https:\/\/lydian.io\/french-investors-sued-binance-for-over-2-4-million-euros-in-damages\/","title":{"rendered":"French investors sued Binance for over 2.4 million euros in damages","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Binance France and its mum or dad firm Binance Holdings Restricted are being sued by 15 buyers in France for alleged misleading enterprise practices and fraudulent concealment. according to<\/a> to native media reviews. <\/p>\n In a criticism filed Dec. 14, plaintiffs alleged that Binance violated French legal guidelines by selling and distributing crypto companies earlier than it was registered by the nation's authorities. As Cointelegraph reviews, the French monetary markets regulator Autorit\u00e9 des march\u00e9s financiers granted Binance a license as a digital asset supplier in Might 2022. The license allowed the crypto trade to supply companies like asset custody and crypto buying and selling. <\/p>\n The criticism reportedly contains screenshots displaying Binance's pre-licensing social media exercise, together with a Telegram channel dubbed Binance French. The plaintiffs additionally declare to have misplaced over $3.0 million following the collapse of TerraUSD (UST) whereas Binance promoted the token as US dollar-backed.<\/p>\n Associated: France could require crypto platforms to acquire licenses<\/strong><\/p>\n