Binance asks some European customers to withdraw all their crypto before 31/12/2026 due to MiCA licensing
Binance is asking some customers in Europe to withdraw all their cryptocurrency before 31/12/2026, as the exchange has not yet completed the operating license process under the European Union’s MiCA regulations. Countries where users have reportedly received notifications include France, Spain, Italy, and Poland.
Starting November 29, affected accounts will begin incurring a monthly maintenance fee if they still hold assets. The fee is 0.025% of the crypto balance, with a minimum of 10 USDC per month—and if the balance is lower than the fee, the entire balance may be charged. This is clear pressure on users to withdraw their assets proactively rather than wait until the deadline.
Binance has already blocked deposits for these accounts, but customers can still withdraw both crypto and fiat currency. Accounts that still hold assets after 31/12/2026 will be considered inactive, and their assets may be converted or transferred in accordance with the exchange’s terms.
According to Binance, this is a service restriction resulting from the end of the MiCA regulatory transition period. The exchange also says it is still seeking a license to continue operating in Europe.
This development shows that MiCA is genuinely tightening the playing field for international exchanges in the EU: without a transitional license, they must stop serving users country by country. In the market, $BTC is currently around 75.828 USDT, down slightly by 0.28% over 24 hours, with no significant reaction to this news so far.
Do you think Binance will obtain a MiCA license in time to remain in Europe, or will users there have to switch entirely to local exchanges?
(Not investment advice)
Binance is asking some customers in Europe to withdraw all their cryptocurrency before 31/12/2026, as the exchange has not yet completed the operating license process under the European Union’s MiCA regulations. Countries where users have reportedly received notifications include France, Spain, Italy, and Poland.
Starting November 29, affected accounts will begin incurring a monthly maintenance fee if they still hold assets. The fee is 0.025% of the crypto balance, with a minimum of 10 USDC per month—and if the balance is lower than the fee, the entire balance may be charged. This is clear pressure on users to withdraw their assets proactively rather than wait until the deadline.
Binance has already blocked deposits for these accounts, but customers can still withdraw both crypto and fiat currency. Accounts that still hold assets after 31/12/2026 will be considered inactive, and their assets may be converted or transferred in accordance with the exchange’s terms.
According to Binance, this is a service restriction resulting from the end of the MiCA regulatory transition period. The exchange also says it is still seeking a license to continue operating in Europe.
This development shows that MiCA is genuinely tightening the playing field for international exchanges in the EU: without a transitional license, they must stop serving users country by country. In the market, $BTC is currently around 75.828 USDT, down slightly by 0.28% over 24 hours, with no significant reaction to this news so far.
Do you think Binance will obtain a MiCA license in time to remain in Europe, or will users there have to switch entirely to local exchanges?
(Not investment advice)
