Binance users in some European countries told to pull crypto before fees kick in, with accounts closing by year end

Binance users in European countries including Spain, France, Italy, and Poland are receiving notices to withdraw their crypto assets as accounts face closure by December 31 following the end of the EU's MiCA transition period. Starting November 29, the exchange will levy monthly fees on remaining crypto balances or seize accounts with balances smaller than the fee. A Binance spokesperson stated that the exchange is progressively restricting services as it lacks the necessary MiCA license to serve customers across the bloc. Open article →