Binance to Close Accounts in Spain, France, and Poland by Year-End, Users Told to Withdraw Crypto Before Fees Kick In

Binance is notifying users in Spain, France, and Poland that their accounts will close on December 31, according to reports from affected customers. The exchange is instructing these users to withdraw their cryptocurrency before the closure date, as new fees are set to take effect. While the exact number of impacted accounts remains unclear, the move signals a significant operational shift for Binance in key European markets. The closures come amid a tightening regulatory landscape for crypto exchanges across the European Union, where new rules under the Markets in Crypto-Assets (MiCA) framework are being phased in. For affected users, the deadline means they must move funds to alternative platforms or self-custody wallets to avoid potential loss of access or additional charges. Binance has not publicly detailed the reasons behind the closures, but the notices suggest the exchange is adjusting its services in response to local compliance requirements. As the year-end deadline approaches, users in these countries face a time-sensitive decision to secure their assets and transition to compliant alternatives.