⚡️ EU🇪🇺: Binance users in Spain🇪🇸, France🇫🇷, and Poland🇵🇱 are receiving emails advising them to withdraw their assets as soon as possible

⚡️ EU🇪🇺: Binance users in Spain🇪🇸, France🇫🇷, and Poland🇵🇱 are receiving emails advising them to withdraw their assets as soon as possible

Before the cryptocurrency exchange exits Europe, it will begin charging a monthly account maintenance fee. It is worth recalling that Binance did not obtain a MiCA license and that the transitional period for winding down its operations ends on December 31.

▶️ Thus, starting November 29, every open account with a positive balance will be charged a monthly fee of 0.025% of the total asset value or 10 USDC, whichever amount is higher.

▶️ If customers do not withdraw their cryptocurrencies by December 31, their accounts will be classified as inactive and closed. Any remaining assets may subsequently be forcibly converted or transferred, at the platform's discretion.

▶️ Under the closure plan, Binance will initially deduct fees from assets held in USDC and, if necessary, from other cryptocurrencies.

▶️ Why do reports on this matter mention the countries listed in the headline (as well as Italy🇮🇹)? ❓ Because, before the MiCA regulation came into force, Binance had a registered business entity in those countries.

▶️ According to Portuguese newspaper Expresso🇵🇹, users in countries where Binance had no local presence, including Portugal, did not receive these notifications. However, they remain subject to the broader restrictions imposed by the EU.

#news #crypto #Europe

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