Binance to close France, Spain, Italy and Poland accounts by December 31, 2026

Binance, the world’s largest cryptocurrency exchange by daily trading volume, has announced it will close user accounts in France, Spain, Italy, and Poland by December 31, 2026. The closure follows the company’s inability to secure authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA) by the required deadline. Starting November 29, Binance will implement a monthly account maintenance fee on remaining balances for users in the affected countries. According to customer notices sent by the exchange, the new fee will be either 0.025% of the account balance or a minimum of 10 USDC, whichever is higher. USDC is a popular stablecoin designed to maintain a 1:1 value with the US dollar.

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