The largest cryptocurrency exchange Binance has informed its users in several European Union countries about the closure of accounts by December 31, 2026. This decision is linked to new regulatory requirements concerning the authorization of cryptocurrency exchanges under the MiCA (Markets in Crypto-Assets) regulation.
Reasons for Account Closures
The closure of user accounts in France, Spain, Italy, and Poland is a result of Binance's inability to obtain a MiCA license in any of the EU countries. Starting from November 29, 2026, the exchange will begin charging a monthly fee for unwithdrawn funds — 0.025% of the balance, but no less than 10 USDC (approximately $10). If the account balance is below this amount, Binance may deduct the entire remaining balance.
Restrictions on Account Funding
In addition to account closures, Binance has already blocked the ability to fund accounts for users in these countries. This means that customers will not be able to deposit new funds into their accounts, complicating the situation for those who have not yet withdrawn their assets.
User Reactions and Next Steps
Users who have received warnings from Binance are urged to withdraw their funds urgently before the accounts are closed. The exchange has indicated that it is gradually restricting access to certain services for affected users in accordance with the new EU rules. At the same time, users from other countries where Binance does not have local legal entities may also be subject to broader restrictions.