According to COINOTAG, Binance will charge EU accounts a minimum monthly fee of 10 USDC starting November 29. Binance France had also previously been the subject of rumors concerning MiCA compliance issues.
The pace of regulatory tightening in Europe is becoming increasingly clear:
• The Comproeuro Bitcoin Shop will close on November 27 because it does not have a MiCA license
• Compliance requirements related to stablecoins are becoming increasingly detailed
• EU users are primarily affected; please refer to Binance’s official announcement for specific details
Personally, I think compliance costs will ultimately be reflected in user fees. EU business related to $BNB $USDC is worth keeping an eye on. If you’re in the EU, I recommend checking the announcements in your account.
For reference only; this is not investment advice. #MiCA #Compliance
The pace of regulatory tightening in Europe is becoming increasingly clear:
• The Comproeuro Bitcoin Shop will close on November 27 because it does not have a MiCA license
• Compliance requirements related to stablecoins are becoming increasingly detailed
• EU users are primarily affected; please refer to Binance’s official announcement for specific details
Personally, I think compliance costs will ultimately be reflected in user fees. EU business related to $BNB $USDC is worth keeping an eye on. If you’re in the EU, I recommend checking the announcements in your account.
For reference only; this is not investment advice. #MiCA #Compliance