Binance France is closing all accounts belonging to its French customers on December 31, 2026, and balances still present on November 29 will incur monthly fees.
The information comes from an email sent to users, cited by Cryptoast on 6/11 and then by Cointelegraph France and CryptoActu. Binance has not issued a public statement at this time. Here is the timeline as described:
July 1, 2026: the French entity restricts its services, having failed to obtain MiCA authorization in time, according to CryptoActu.
Early November: an email titled “Important reminder.” Deposits are no longer possible, and the message refers to an “orderly cessation of activities.”
November 29: “Calculation Day.” Any account still holding crypto will pay 0.025% of its balance per month, with a minimum of 10 USDC. The first charge will be made within 3 days, and the second after December 24.
December 31: closure. Remaining assets may be handled as those in an inactive account (conversion, transfer, or other handling).
The key detail: with a 10 USDC minimum, any balance under ~40,000 USDC will pay 10 USDC per month. For a small account with $30 of $BNB sitting around, that's a third of the balance in one month.
My take: this isn't a market event for $BTC (around $75,900 on Binance spot tonight); it's an operational deadline. The real risk is phishing. This kind of announcement attracts fake emails, so only check through the official app and don't click on any links you receive.
Before 11/29: export your transaction history (useful for tax filing), check withdrawal fees by network, then withdraw to a personal wallet or a MiCA-authorized platform.
If this affects you: have you already moved your funds, or are you still waiting for official confirmation in the app?
#BinanceFrance #MiCA #Crypto
The information comes from an email sent to users, cited by Cryptoast on 6/11 and then by Cointelegraph France and CryptoActu. Binance has not issued a public statement at this time. Here is the timeline as described:
July 1, 2026: the French entity restricts its services, having failed to obtain MiCA authorization in time, according to CryptoActu.
Early November: an email titled “Important reminder.” Deposits are no longer possible, and the message refers to an “orderly cessation of activities.”
November 29: “Calculation Day.” Any account still holding crypto will pay 0.025% of its balance per month, with a minimum of 10 USDC. The first charge will be made within 3 days, and the second after December 24.
December 31: closure. Remaining assets may be handled as those in an inactive account (conversion, transfer, or other handling).
The key detail: with a 10 USDC minimum, any balance under ~40,000 USDC will pay 10 USDC per month. For a small account with $30 of $BNB sitting around, that's a third of the balance in one month.
My take: this isn't a market event for $BTC (around $75,900 on Binance spot tonight); it's an operational deadline. The real risk is phishing. This kind of announcement attracts fake emails, so only check through the official app and don't click on any links you receive.
Before 11/29: export your transaction history (useful for tax filing), check withdrawal fees by network, then withdraw to a personal wallet or a MiCA-authorized platform.
If this affects you: have you already moved your funds, or are you still waiting for official confirmation in the app?
#BinanceFrance #MiCA #Crypto
