Binance Sets Dec. 31 Account Closures for Some Users in Four EU Countries

Binance plans to close accounts used by some customers in France, Spain, Italy and Poland when the European Union’s Markets in Crypto-Assets (MiCA) transition period ends, ending their access to the exchange. Deposits are disabled for the affected accounts, but customers can still withdraw cryptocurrency and fiat balances. A Binance spokesperson said the assets remain accessible and have not been suddenly frozen. Customers in all four countries said Binance had emailed them about withdrawing their holdings. The Dec. 31 deadline now extends beyond the Binance France closure plan , with affected users also in Spain, Italy and Poland. Binance began contacting customers in the four countries in June. MiCA requires crypto exchanges to obtain authorization in an EU member state to serve customers across the bloc.

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