Binance will close user accounts in Poland, France, Italy and Spain by December 31 due to the lack of the necessary MiCA license, writes CoinDesk. Users have to withdraw cryptocurrency by the end of the year. Starting November 29, the exchange will begin to delete 0.025% of the remaining funds every month, but a minimum of $10, and if the balance is less than this amount, the account may be completely reset.

Binance will close user accounts in Poland, France, Italy and Spain by December 31 due to the lack of the necessary MiCA license, writes CoinDesk. Users have to withdraw cryptocurrency by the end of the year. Starting November 29, the exchange will begin to delete 0.025% of the remaining funds every month, but a minimum of $10, and if the balance is less than this amount, the account may be completely reset.