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Automatically translated version. May contain inaccuracies compared to the original.
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Binance closes accounts of users from France, Spain, Italy and Poland
Exchange users have begun receiving official letters requiring them to withdraw their cryptocurrency. The exchange said that accounts in these countries will be closed on 31 December 2026. Starting 29 November, a monthly fee of 0,025% (minimum 10 USDC) will be charged on remaining balances.
In the letters, the exchange states that due to changes in the regulatory environment it will no longer be able to provide services to customers from these four EU countries. Users are advised to withdraw assets before the account closure date. If funds remain in the account after 29 November, Binance will begin deducting a monthly custody fee: 0,025% of the balance, but not less than 10 USDC.
This means that even small balances will quickly be "eaten up" by the fee. For example, an account with 500 USDC and a minimum fee of 10 USDC would incur 2% per month.
The decision applies exclusively to citizens of France, Spain, Italy and Poland. In other EU countries, Binance continues to operate for now. It likely concerns the difficulty of obtaining or maintaining licenses under the new MiCA rules (the EU Markets in Crypto-Assets regulation), which fully took effect in 2025-2026. Binance has previously faced strict regulatory demands in Europe, notably in France and the Netherlands.
Binance has not yet publicly commented on the details of this move in official channels, but the letters are already being widely received by users. For many customers in these countries, this means an urgent need to find an alternative for storing and trading cryptocurrency.
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