From Startup Fortune · · 1m 20s
Binance Closes French Accounts by Dec 31
Binance will close French user accounts on December 31 after missing MiCA deadline.
In brief
Binance will close French user accounts on December 31 after missing MiCA deadline. Binance closes French accounts on December 31 due to missing EU MiCA licensing deadline. Originally reported by Startup Fortune.
Binance France Account Closure
Binance France will close user accounts on December 31, 2026, after missing MiCA licensing deadline.
Fee Clock Starts November 29
Accounts holding assets face a 0.025% management fee or 10 USDC starting November 29.
MiCA Deadline Missed
Binance missed June 30 deadline to win EU MiCA authorization for its French operations.
Withdrawals Still Work
Withdrawals remain possible but deposits are disabled and transactions may be rejected.
Fee Impact on Small Balances
Users with less than 40,000 USDC face higher fees than percentage-based charges.
French Regulatory Status
Binance France held AMF registration but lost it after July 2 MiCA expiry.
Binance's EU Exit Strategy
Binance withdrew Greek MiCA application and now seeks French authorization but will close by December 31.
Competitor Takeover
Coinbase, Kraken, and OKX have MiCA licenses to absorb displaced French users.
User Impact
French users with assets after November 29 face fees until December 31, then possible account closure.
The short version
Binance closes French accounts on December 31 due to missing EU MiCA licensing deadline.
