Binance has begun notifying some users in Spain, France and Poland that their accounts will be shut by the end of 2026 as the exchange narrows services during the European Union’s transition to the MiCA regime. The company is telling affected customers to remove their crypto before recurring charges begin later this month.

The notices, as described by users and reflected in Binance’s explanation, say deposits have already been disabled while withdrawals remain available. Binance said the restrictions are being introduced progressively and are part of what it called a carefully managed closure process.

Withdrawals remain open as deposits are blocked

The reported account notices say customers in the affected group can no longer add funds, but can still take assets off the platform. Binance said users’ holdings remain safe and accessible during the wind-down, even as normal account functionality is being reduced.

The measure appears to be limited rather than universal. Binance also said that customers in EU countries where it does not have a local entity are still subject to EU-wide restrictions, but are not being targeted in the same way as the users who received closure notices.

Fee schedule starts on Nov. 29

From Nov. 29, Binance plans to levy a monthly charge on crypto left in affected accounts. The fee is set at 0.025% of the remaining balance or 10 USDC, whichever amount is higher.

According to the notice terms, the first deduction is expected within three days of Nov. 29, and a second one after Dec. 24. If an account holds less than the amount required to cover the fee, Binance may take the full remaining balance. The exchange said deductions will be made from USDC first and then from other assets if necessary.

Accounts are due to close by year-end

Binance’s stated deadline for closure is Dec. 31, 2026. After that date, accounts that still contain assets may be treated as inactive under the plan outlined to users.

The notice says any remaining holdings could then be subject to additional handling, including possible conversion or transfer of assets. Binance presented that outcome as a potential step for balances that are not withdrawn before the shutdown date.

MiCA transition shapes the restrictions

Binance linked the changes to the European Union’s Markets in Crypto-Assets framework and the end stages of the transition into that regime. The company said it is progressively restricting some services as part of that process.

At the same time, Binance said it is pursuing authorization under MiCA but has not yet obtained an EU license. The current closures and fees therefore come as the exchange adjusts operations in parts of the bloc while it seeks formal approval to serve the market under the new rules.

Source: www.coindesk.com