Binance to Close Accounts in France, Spain, Italy and Poland Without an EU License

Binance is telling customers in France, Spain, Italy and Poland that it will stop serving them. The reason: the world's largest crypto exchange does not hold a MiCA license, the permit now required to offer crypto services in the European Union.

According to reports, users have been asked to withdraw their crypto by November 29, 2026, and accounts are set to close on December 31.

Why it matters

If you live in one of these four countries and keep crypto on Binance, you need to act within weeks. Move your coins to a wallet you control or to another exchange that is licensed in the EU.

Don't leave it to the last day. Withdrawals can slow down when many people leave at once.

What MiCA is

MiCA (Markets in Crypto-Assets) is the EU's rulebook for crypto companies. Since it took full effect, an exchange needs a license from one EU country to serve customers across the bloc. Without it, the exchange has to leave.

According to an overview by Cryptodiffer, Binance holds a MiCA license in none of the 30 countries of the European Economic Area. Nine of its big competitors already have one.

What it means for other EU users

France, Spain, Italy and Poland are among the EU's largest crypto markets. Without a MiCA license, Binance is under the same pressure in every other EU country, so users elsewhere in the bloc should watch for similar notices.