A heads-up for anyone with an account in France: Binance France has sent an email saying accounts will be closed at the end of the year.
On December 31, all accounts under the French entity will be closed. Starting November 29, accounts with remaining funds will be charged a monthly management fee of 0.025%, with a minimum of 10 USDT. If an account has less than 10 USDT, the entire balance will be deducted. Deposits have already been disabled, but withdrawals are still available. The official statement says assets are safe and can be withdrawn as usual.
The reason is that Binance didn’t obtain a MiCA license and missed the June 30 deadline; its registration in France expired on July 2.
I checked, and fortunately this only affects the French entity—it has no impact on global operations. If you have an account in France, withdraw your funds before the end of the year so you don’t end up paying management fees for nothing.
#Binance
On December 31, all accounts under the French entity will be closed. Starting November 29, accounts with remaining funds will be charged a monthly management fee of 0.025%, with a minimum of 10 USDT. If an account has less than 10 USDT, the entire balance will be deducted. Deposits have already been disabled, but withdrawals are still available. The official statement says assets are safe and can be withdrawn as usual.
The reason is that Binance didn’t obtain a MiCA license and missed the June 30 deadline; its registration in France expired on July 2.
I checked, and fortunately this only affects the French entity—it has no impact on global operations. If you have an account in France, withdraw your funds before the end of the year so you don’t end up paying management fees for nothing.
#Binance