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Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29
Binance told users in France, Spain, Italy and Poland to withdraw their crypto, with deposits blocked, accounts closing Dec.
Brief
Binance plans to close customer accounts in France, Spain, Italy and Poland on December 31, 2026, since it still lacks a license under the EU's MiCA rules now that the transition period has ended. A Binance spokesperson told CoinDesk about the timeline and said it is gradually limiting some services for affected users. Binance says customer funds stay secure and reachable, though deposits are blocked while crypto and fiat withdrawals stay open. Customer emails describe a monthly charge of 0.025% of remaining crypto balances or 10 USDC, starting November 29, with the first deduction arriving within three days and another after December 24. The fee details come from those emails, as Binance has not published them. Binance also withdrew a Greek license application in June.
Why it matters: The move shows how a missing MiCA authorization can force a major exchange to shrink its services across several EU markets.
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Binance to close accounts in France, Spain, Italy and Poland by year end
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