Some Binance users in Europe have been informed that they need to withdraw their account assets, with the relevant accounts set to be closed on December 31.

November 8 — A Binance spokesperson confirmed that after the end of the EU's Markets in Crypto-Assets Regulation (MiCA) transition period, the platform is gradually restricting some services for affected users, and the relevant accounts will be closed on December 31, 2026. Some users in France, Spain, Italy, and Poland said they have received emails requesting them to withdraw assets. The spokesperson said that affected accounts have currently stopped accepting deposits, but users can still withdraw crypto assets and fiat balances; assets remain safe and accessible, and there is no "sudden freeze." Binance had already contacted users in the aforementioned countries in June, asking them to withdraw assets.

According to emails publicly shared by users, Binance plans to charge a monthly fee starting November 29 equal to 0.025% of the remaining crypto asset balance or 10 USDC, whichever is higher. The first deduction will take place within three days from November 29, and the second will occur after December 24. If the account balance is insufficient to cover the fee, the entire balance will be deducted. Fees will be deducted first from USDC holdings and, if necessary, then from other crypto assets.

The emails also said that accounts with crypto asset balances remaining after December 31 will be regarded as inactive accounts, and the relevant assets may be converted or transferred. CoinDesk noted that the relevant emails have not yet been confirmed, but Binance's website terms do stipulate that the platform may directly deduct fees monthly from inactive accounts to cover asset custody costs.

On the regulatory side, information from the French Financial Markets Authority (AMF) shows that Binance France's registration status automatically became invalid on July 2 with the end of France's original registration regime. MiCA requires crypto exchanges to obtain authorization in an EU member state before they can provide services across the entire EU. Binance withdrew its Greek MiCA license application in June, saying it planned to apply in another member state but has not yet announced the specific country. As of the time of publication, Binance still does not appear in the European Securities and Markets Authority's register of authorized crypto service providers. A Binance spokesperson said the company's commitment to the European market remains unchanged and that it is actively advancing the path to obtaining authorization.