Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29
By Micah Zimmerman
AI summary of the source article
Binance will close user accounts in France, Spain, Italy, and Poland on December 31 because it lacks an EU MiCA license. The exchange has blocked deposits and customer emails state monthly fees will apply to idle balances starting November 29.
Why it matters
Rivals that already hold MiCA licenses, including Coinbase and Kraken, stand to gain if Binance exits
Key facts
- Binance will close customer accounts in France, Spain, Italy, and Poland on December 31 as it lacks an EU MiCA license.
- Deposits are blocked for affected users, though crypto and fiat withdrawals remain accessible.
- Customer emails indicate a monthly charge of 0.025% or 10 USDC on remaining balances starting November 29.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine 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. 31 and a monthly fee starting Nov. 29, as the exchange still lacks an EU license. This post Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Bala…