Binance reportedly asks some European users to withdraw funds, with related accounts set to close on December 31, 2026

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Binance asks some European users to withdraw funds, imposes monthly fees starting November 29, and closes accounts by year-end

PANews reported on November 8 that, according to CoinDesk, Binance is notifying users in Spain, France, Italy, and Poland to withdraw their crypto assets as soon as possible. Starting November 29, remaining cryptocurrency balances will be charged a fee of 0.025% per month or 10 USDC (whichever is higher); affected accounts will be closed on December 31, 2026. A Binance spokesperson stated that this is part of gradually restricting certain services for affected users after the end of the transition period under the EU's Markets in Crypto-Assets Regulation (MiCA). Currently, deposits are restricted, but users can still withdraw, and access to asset security remains available. Binance has not yet obtained a full MiCA license and cannot serve customers normally across the entire EU. Previous reports indicated that due to the lack of an EU MiCA regulatory license, Binance will close French user accounts on December 31.

Source: https://www.panewslab.com/zh/articles/01a1b99d-69f6-744f-bca4-8b8608389d59

Key points

Binance is notifying users in Spain, France, Italy, and Poland to withdraw their crypto assets as soon as possible.
Starting November 29, remaining cryptocurrency balances will be charged a fee of 0.025% per month or 10 USDC (whichever is higher).
Affected accounts will be closed on December 31, 2026.
Currently, deposits are restricted, but users can still withdraw, and access to asset security remains available.
Binance has not yet obtained a full MiCA license and cannot serve customers normally across the entire EU.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Some European users need to withdraw assets as soon as possible; starting November 29, account balances may incur fees, and affected accounts are expected to close on December 31, 2026.

Why it matters to readers

Affected users may face deposit restrictions, balance fees, and account closures, requiring attention to official notices and timely arrangement of withdrawals.

If you use Binance in relevant countries, you should confirm whether you are affected and understand the withdrawal deadlines and fee rules.

Risks and unknowns

Current evidence is not an official announcement from Binance.
The specific scope of affected accounts still requires official confirmation.
The status of Binance's full MiCA license still requires official confirmation.

Binance reportedly asks some European users to withdraw funds, with related accounts set to close on December 31, 2026

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