Binance will close affected customer accounts on December 31, and users in France, Spain, Italy and Poland say emails warn of a monthly fee from November 29

Binance is closing accounts for some customers in four European countries at the end of the year. Users in Spain, France and Poland said they had received emails telling them to withdraw their crypto, and Italy was also named, CoinDesk reported on Saturday. A Binance spokesperson told CoinDesk the affected accounts will close with effect from December 31, 2026. Deposits are already blocked, while crypto and cash withdrawals remain open, and the spokesperson said there is no sudden freeze.

According to the emails, a monthly charge of 0.025% of the remaining crypto balance, or 10 USDC if that is higher, starts on November 29, with a second charge after December 24. That minimum applies to any balance under about $40,000, and a balance smaller than the fee is taken in full. Binance has not officially confirmed the fee, though Binance's website terms allow a dormant-account fee. Crypto left after December 31 is treated as inactive and may be converted or transferred.

The move follows the end of the EU's Markets in Crypto-Assets (MiCA) transition. France's regulator lists Binance France's registration as lapsed on July 2. Binance withdrew its Greek MiCA application in June and has not named where it will apply instead. "Our commitment to Europe remains unchanged, and we are actively progressing our authorization pathway," the spokesperson said.