Binance Halts Operations in France

[Bitcoin-Forever]

Report has it that the Binance team have sent emails to all their users in France over to closure of their service, stating that they are all allowed to take necessary action between now to 29th of November 2026.

Henceforths after the said date elapsed, users will be charged f a maintenance fee over their asset on the exchange on a monthly base, its expected that all users should move their assets before the due date to avoid sanction.

Binance France is closing up shop in the country. Customers have been notified by email during early November, according to media reports.

All accounts will be closed on Dec. 31, and any assets left on the exchange will be charged monthly fees starting on Nov. 29
https://cointelegraph.com/news/binance-france-emails-announce-closure-of-its-users-accounts-on-dec-31

Are you still using centralized exchange, or if you're in France and uses Binance, then this is most important to you, they are closing down shops in the country and expected you to withdraw your asset from their platform or faces restriction after the closing date.

[OmegaStarScream]

Apparently users from other countries in europe[1]: Italy, Poland and Spain have also received similar emails from Binance. Probably other countries too, given that Binance did not manage to get the MiCA license to operate in the EU.

[1] https://www.coindesk.com/business/2026/11/07/binance-users-in-some-european-countries-told-to-pull-crypto-before-fees-kick-in-with-accounts-closing-by-year-end

[PostQuantumBTC]

The exchange and some people will say the maintenance fee charged is to discourage the France users so that they can withdraw their money on Binance, but I am seeing this as a means Binance want other source to recover back from the breach that happened.

Why maintenance fee charge? It is totally rubbish. They can just say people should withdraw their money as they and other exchanges have been doing before.

I will not be surprised if Binance start charging people this fee for leaving their money on their exchange without using it to trade or do something on the exchange.

[salad daging]

Apparently users from other countries in europe[1]: Italy, Poland and Spain have also received similar emails from Binance. Probably other countries too, given that Binance did not manage to get the MiCA license to operate in the EU.

[1] https://www.coindesk.com/business/2026/11/07/binance-users-in-some-european-countries-told-to-pull-crypto-before-fees-kick-in-with-accounts-closing-by-year-end

Is there a connection with a few years ago-Binance and CZ were involved in anti-money laundering violations, so this could be the reason why Binance did not get a license from MiCA.
- https://www.justice.gov/archives/opa/pr/binance-and-ceo-plead-guilty-federal-charges-4b-resolution

Although in this article some other explanations are mentioned not only that factor , but withdraw the application until the specified time limit.

Binance withdrew its MiCA application filed with Greece's Hellenic Capital Market Commission on 24 June 2026, six days before the hard deadline.

There is no other reason - Binance is already losing ground in the EU market.

[PostQuantumBTC]

Is there a connection with a few years ago-Binance and CZ were involved in anti-money laundering violations, so this could be the reason why Binance did not get a license from MiCA.
- https://www.justice.gov/archives/opa/pr/binance-and-ceo-plead-guilty-federal-charges-4b-resolution

Yes it is part of the reasons, but this year alone, Binance was accused of some transactions that are linked to Iran, allowing UK users to trade UK's unauthorised products. Another ones was with Australian government that some customers were exposed to high derivatives trading which supposed not to be and Binance admitted this third one. Despite that UK and Australia are not part of EU, will EU give such exchange MiCA licence despite also allegations linked to Iran that the EU do not like?

[noorman0]

The exchange and some people will say the maintenance fee charged is to discourage the France users so that they can withdraw their money on Binance, but I am seeing this as a means Binance want other source to recover back from the breach that happened.

Why maintenance fee charge? It is totally rubbish. They can just say people should withdraw their money as they and other exchanges have been doing before.

I have also observed similar policies on other exchanges during the closing phase. I do not view this as a forced seizure; rather, the initiative is simply intended to encourage users to withdraw their funds sooner, thereby avoiding future risk liabilities, especially since the exchange can no longer generate profit from holding user funds.

[stompix]

To highlight what a greedy piece of shit CZ is

All accounts will be closed on Dec. 31, and any assets left on the exchange will be charged monthly fees starting on Nov. 29, Cryptoast, Crypto Briefing and other media reported on Saturday, citing emails sent to users by Binance.

On that date, accounts still maintaining a balance will pay a monthly maintenance fee of 0.025% of the balance, or a minimum of 10 USDC, a stablecoin tracking the US dollar.

So, after all that effort to punish users and to grab some cash, maybe their SAFU fund is running low they have to use such shitty tactics?
With the money laundering stuff, the hack, the loss of licenses, the refusal to actually comply to normal basic stuff, there was never a momnt in which Binance needed to die more than now.

[Rikafip]

So, after all that effort to punish users and to grab some cash, maybe their SAFU fund is running low they have to use such shitty tactics?

Not defending this shitty decision, but I don't feel sorry for anyone who ends up paying that fee. I mean, why the fuck would you even keep your money on Binance in the first place, especially after your account has been closed?

[Bitcoin_Arena]

>>snip<<

To some extent I  am a bit happy that people need to learn to do self custody but yeah, it's just another form of exploitation which growing in popularity. Exchanges never used to do this back in the day except scam services like HitBTC and some casinos.