Binance France is set to close all customer accounts by December 31, 2026, after failing to obtain the MiCA license required to continue operating in the European Union. Deposits are reportedly already blocked, although withdrawals remain available until the end of the year, with users required to transfer their cryptocurrencies before the applicable deadlines to avoid monthly fees of 0.025% of their remaining balance or 10 USPC, whichever is higher. The closure does not affect the entire European Union, but other markets, including Spain, Italy, and Poland, are reportedly also concerned. Meanwhile, Binance says it has covered about 95% of the funds stolen in the $6.3 billion hack at the end of October, while customers withdrew nearly $4.65 billion after withdrawals were restored.
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