Binance to Close Affected EU Accounts by December 31 After…
By Abdelaziz Fathi
AI summary of the source article
Binance is preparing to close accounts for users in several European countries by December 31 following MiCA regulatory shifts. The exchange will also introduce monthly fees on remaining cryptocurrency balances starting November 29.
Why it matters
The closures represent a further contraction of Binance's European retail business, although the current notices do not establish a blanket withdrawal from every EU market.
Key facts
- Binance will close accounts for affected users in countries including France, Spain, Italy, and Poland by December 31.
- A monthly fee of 0.025% or a minimum of 10 USDC will be charged on remaining balances starting November 29.
- Deposits are blocked, but affected customers can withdraw cryptocurrency and fiat balances prior to account closure.
Source excerpt · FinanceFeeds
Binance Sets Dec. 31 Account Closures for Some EU Users as MiCA Exit Deepens Binance is preparing to close accounts held by customers in several European countries by December 31, with the exchange introducing monthly charges on remaining cryptocurrency balances from November 29. The latest notices move the platform's MiCA-related restrictions beyond suspended deposits and registrations, giving af…