Binance France account closure follows MiCA authorization failure
Binance France is closing customer accounts because it did not secure authorization under MiCA, the EU’s Markets in Crypto-Assets framework. The shutdown applies specifically to the French entity and does not extend to the global Binance platform.
This withdrawal came after Binance France SAS’s previous registration as a Digital Asset Service Provider, referred to in France as PSAN, had lapsed. By the July 1, 2026 transition deadline, its MiCA application had not been approved.
France’s financial markets regulator, the AMF, struck the firm from its PSAN list on July 2, 2026. Regulators, among them the AMF and ESMA, the EU’s securities markets authority, mandated an orderly wind-down under MiCA guidelines.
Fees begin before the year-end shutdown
Assets left on Binance France from November 29 will incur a 0.025% monthly management fee, subject to a 10 $USDC minimum. Completing withdrawals before that date avoids those charges.
The percentage applies to the account balance. Fees will be collected in $USDC or another asset remaining in the account, depending on its holdings after the cutoff. $USDC is a stablecoin designed to track the US dollar one-for-one.
Deposits have been suspended, and trading for French residents has already ended. Spot trading and related products were discontinued in stages earlier in the year, leaving the service in a withdrawal-only state.
Customers can close their accounts voluntarily rather than wait for the December 31 deadline. The Binance France account closure therefore gives users a withdrawal deadline before the final shutdown date.
MiCA replaces France’s national registration system
MiCA establishes an EU-wide authorization framework in place of separate national approaches such as France’s PSAN regime. Its stated aims include regulating crypto markets and protecting users within the EU.
For Binance France customers, the compliance process has already changed the services available: deposits and trading are no longer available, while withdrawals remain open ahead of the December 31, 2026 closure.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.