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Binance's French branch, Binance France, is shutting down customer service. Users should align their plans with specific deadlines. According to Cryptoast, the company has sent out letters stating that the accounts will be closed on December 31. A Binance representative confirmed to reporters: for those who have received such notifications, the accounts will indeed stop working on the specified date. This is not a temporary pause, but a gradual withdrawal of Binance from Europe. The reason is the lack of a license that would meet the requirements of the European MiCA regulations.

For clients, a more important date comes before the accounts close — November 29. From this day on, Binance France is going to charge a monthly commission for the assets remaining on the accounts. Its size is 0.025% of the balance, with a minimum of 10 USDC. The first write—off is scheduled within three days after November 29, and the second - after December 24. When there is not enough USDC in the account, the fee can be deducted in another cryptocurrency. If the balance is less than the amount of the commission itself, the site will take away everything that is available. It turns out that delaying the withdrawal of funds results in unnecessary expenses, rather than maintaining the balance.

There is less clarity after December 31. The notification says: accounts with remaining crypto assets may be considered inactive. Binance reserves the right to convert, transfer, or otherwise process funds within the terms of service. The company did not specify exactly how such operations will take place. Clients should take into account that it is better not to ignore the assets left in the account. The next steps of the site will be based on internal conditions, rather than on separate public explanations.

In France, users can still withdraw cryptocurrencies and money, but account replenishment is already blocked. Judging by customer reviews, similar emails were sent to Binance users in Spain, Italy and Poland. Binance representatives did not say how many accounts they would close in the end. All this suggests that the process covers several European markets. It is related to a general change in the company's working conditions in the region, and not to a separate decision only for France.