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Binance to close French customer accounts after missing MiCA deadline
Binance plans to close accounts of French customers by December 31, 2026, after missing the EU MiCA licensing deadline and withdrawing its application in Greece.
Quick take
- Binance may close accounts held by French customers, with closures set to finish by December 31, 2026.
- The exchange has not obtained a MiCA license for EU operations, and deposits are blocked while withdrawals stay open until year-end.
- The first major deadline is November 29, and remaining balances face a monthly fee of 0.025% or 10 USDC.
Deposits into Binance accounts held by French customers are blocked, while withdrawals remain open until year-end, CryptoPotato reported. Coin Bureau reports a wind-down in France, and an X user named Vikram claims Spain, Italy and Poland are affected as well.
Binance has no MiCA license for its EU operations and withdrew its MiCA application with HCMC in Greece, according to the details gathered. The exchange missed the July 1 MiCA deadline, and the first major deadline for customers is November 29. Remaining balances face a monthly fee of 0.025% or 10 USDC.
A $6.3 billion hack struck Binance in October, and about 95% of the stolen amount is covered. Within 10 hours, customers pulled roughly $4.65 billion out of the exchange, according to the details.
Customers therefore have two dates to track, with November 29 the first major deadline and December 31, 2026 the date accounts are set to close. Withdrawals remain open until that point, according to the same details.
Sources
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