Binance France to close all customer accounts by year end after MiCA failure

Binance France will permanently close customer accounts on December 31, 2026, after failing to obtain authorization under the European Union's Markets in Crypto-Assets framework. The Autorité des marchés financiers delisted Binance France on July 2, 2026. Binance has blocked deposits while allowing withdrawals, urging customers to remove funds before November 29, 2026, when a monthly fee of 0.025% or 10 USDC takes effect on unwithdrawn assets.

Binance France account closures and deposit blocks

• ▪Trading and spot products for French residents were discontinued prior to November 2026, leaving withdrawal as the platform's only remaining function
• ▪Binance has blocked cryptocurrency and fiat deposits for French accounts affected by Binance France's closure while keeping withdrawals open

Fee structure for remaining account balances

• ▪Binance will deduct maintenance fees from USDC balances first, and from other cryptocurrency holdings if USDC is insufficient
• ▪Starting November 29, 2026, Binance will charge remaining account balances a monthly fee of 0.025% or 10 USDC, whichever is higher, or deduct the entire balance if lower

Regulatory failures and license status

• ▪The Autorité des marchés financiers removed Binance France SAS from its PSAN registry on July 2, 2026, after Binance France SAS's national registration lapsed following the July 1 transition deadline
• ▪Binance France failed to obtain regulatory authorization under the European Union's Markets in Crypto-Assets framework
• ▪Binance does not appear in the European Securities and Markets Authority register of authorized crypto providers as of November 7, 2026

Broader regulatory developments in France and EU

• ▪Binance withdrew its application for a Greek MiCA license in June 2026 but stated it planned to seek authorization in another EU member state
• ▪France's national PSAN registration regime ended on July 2, 2026, leading to the removal of over 50 crypto providers without a MiCA license, including Gemini's European unit
• ▪Binance users outside France, including customers in Spain, Italy, and Poland, reported receiving account restriction notices from the exchange