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Automatically translated version. May contain inaccuracies compared to the original.
Binance will stop servicing some European users by the end of the year due to lack of a MiCA license
🔹Notifications about account closures have already been received by customers in France, Spain, Italy, and Poland.
🔹Users are advised to withdraw funds by 29 November. After that date the exchange will begin charging a monthly fee of 0,025% of the balance, but not less than 10 USDC.
🔹That means even if $100 remains in the account, Binance may deduct 10 USDC for the first month. If the amount is less than 10 USDC, it may be taken in full.
🔹The first deduction is scheduled within three days after 29 November, the second — after 24 December. From 31 December accounts will be permanently closed. Withdrawals of cryptocurrency and fiat money remain available for now, but topping up such accounts will no longer be possible.
🔹Binance still has not obtained a MiCA license, which allows operation across the entire EU market. In June the company withdrew its license application in Greece, and in July it lost its preliminary registration in France after the end of the transitional period.
🔹At the same time the exchange says it does not plan to leave the European market and continues to work on obtaining authorization.
@sho_azartny
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