Binance will close customer accounts in France, Spain, Italy and Poland on Dec. 31, 2026, after failing to secure authorization under the European Union’s MiCA rules. Starting Nov. 29, the exchange will charge 0.025% of remaining crypto balances each month, or 10 USDC if that amount is higher. Deposits are already blocked, but withdrawals of crypto and fiat remain available and customer assets remain accessible. Accounts holding less than the fee will be fully debited unless holders withdraw all their funds before Nov. 29. The number of affected users is unknown, while already licensed competitors Coinbase and Kraken stand to gain customers.
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