Binance has announced it will close affected European Union crypto accounts on December 31. Starting November 29, a monthly fee of 0.025%, or a minimum of 10 USDC, will be applied to account balances.
This move comes as Binance aligns with the new Markets in Crypto-Assets (MiCA) regulations in the EU. Users affected by these changes should ensure they withdraw or manage their funds before the deadline to avoid fees and account closure.
Key Dates to Remember
- November 29: Monthly fees begin on affected accounts.
- December 31: Closure of non-compliant EU accounts.
Binance encourages its European users to review their accounts and stay informed on regulatory updates to ensure uninterrupted access to crypto services.