Binance France to close customer accounts by year-end after missing MiCA authorization
Binance France is winding down customer accounts by Dec. 31, 2026, following its failure to secure authorization under the European Union's MiCA framework, prompting warnings for users to withdraw funds before fees begin.
Binance France is set to shutter customer accounts on Dec. 31, 2026, after failing to secure authorization under the European Union's Markets in Crypto-Assets (MiCA) regulatory regime. Binance notified customers that its French entity must wind down its accounts because the MiCA transition period concluded before it could obtain the required license.[1][2][3][6]
Deposits to Binance France have already been suspended, though user balances remain accessible for withdrawal through the end of the year. Starting Nov. 29, accounts that still hold balances will incur a monthly maintenance fee of 0.025% of the remaining cryptocurrency balance or 10 USDC, whichever is greater.[2][3][4][6]
Any crypto assets left in accounts after the final Dec. 31 deadline may be converted or transferred under Binance's terms of service. According to a customer email reported by Cryptoast, the closures specifically target accounts registered with the Binance France entity, rather than shutting down access for all French users on Binance's global exchange.[3][6]
The wind-down may also extend beyond France. CoinDesk reported that users in other European nations, including Spain and Poland, have received similar notices directing them to pull their assets before fees take effect ahead of year-end account closures.[5]
Key facts
- Binance France will close all customer accounts on Dec. 31, 2026, after failing to secure an EU MiCA license before the transition period ended.
- Deposits to Binance France are blocked, but withdrawals remain open until Dec. 31.
- Accounts holding assets will face a monthly fee of 0.025% or a minimum of 10 USDC starting Nov. 29.
- Assets left unwithdrawn after Dec. 31 may be converted or transferred under Binance's terms of service.
- The shutdown applies to the Binance France entity rather than all French users on Binance's global platform.
- Binance users in Spain and Poland have reportedly received similar notices to withdraw crypto before year-end closures.
Sources · 6 sources
- TW
The Wolf Of All Streets@scottmelkerPost on X ·
BINANCE FRANCE TO CLOSE CUSTOMER ACCOUNTS ON DEC. 31 AFTER FAILING TO OBTAIN EU MICA AUTHORIZATION https://t.co/fNATDUTcJa
Open source - CP
Crypto Patel@CryptoPatelPost on X ·
SHOCKING: BINANCE IS SHUTTING DOWN ACCOUNTS IN FRANCE! After failing to secure MiCA authorization, Binance France is reportedly closing affected accounts on December 31. ➡️ Deposits blocked ➡️ 0.025% monthly fee (10 $USDC minimum) from Nov 29 ➡️ Final account closure: Dec 31 https://t.co/z600M31xpW
Open source - CB
Coin Bureau@coinbureauPost on X ·
⚠️ ALERT: Binance France to close ALL customer accounts by December 31 as the EU’s MiCA licensing requirement forces a wind-down. The world’s largest crypto exchange told customers its French entity must close their accounts as the EU’s MiCA transition period ended before it secured the required licence. Deposits are already blocked, but customers can still withdraw their crypto until year-end. The first deadline is November 29. Customers must withdraw before then to avoid a monthly fee of 0.025% of their remaining crypto balance or 10 USDC, whichever is higher. After accounts close on December 31, 2026, Binance may convert or transfer any remaining assets under its terms of service. Binance confirms customer assets remain accessible during the wind-down.
Open source - CB
Crypto BriefingArticle ·
Binance France to close all customer accounts by year end, with fees on idle balances from November 29 Binance France's closure highlights regulatory challenges in the crypto sector, urging users to act swiftly to avoid financial penalties. The post Binance France to close all customer accounts by year end, with fees on idle balances from November 29 appeared first on Crypto Briefing .
Open source - CO
CoindeskArticle ·
Binance users in some European countries told to pull crypto before fees kick in, with accounts closing by year end Affected accounts are reportedly set to close on Dec. 31. Users in Spain, France, and Poland say they've received similar notices.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Binance France to Close Customer Accounts on December 31, Introduce Monthly Fees From November 29 According to Cryptoast, Binance France will close its customer accounts on December 31, 2026, after failing to obtain authorization under the EU's MiCA framework. Deposits have already been suspended. Citing a Binance customer email, Cryptoast reported that accounts still holding assets will incur a monthly management fee of 0.025%, with a minimum charge of 10 USDC, starting November 29. Crypto assets not withdrawn by December 31 may be converted, transferred, or otherwise handled under the Terms of Service. The closures apply to accounts held with the Binance France entity and do not mean Binance's global platform is closing all French users' accounts.
Open source