Important Binance announcement regarding users in France (report).
Binance is set to close customer accounts in France and other countries by December 31 due to failure to obtain a MiCA license in the EU, with deposits already blocked.
European Central Bank President Christine Lagarde reportedly blocked Binance's license due to past legal issues and concerns about the adoption of dollar currencies.
Following the $6.3 billion hack, Binance has made progress in restoring services, but user withdrawals have dropped significantly, with a net outflow of $10.2 billion in the past month.