Autorite DES Marches Financiers

Binance users in several European countries are receiving notices urging them to withdraw crypto and fiat balances before monthly fees begin on remaining holdings. Affected accounts are set to close on Dec. 31 as the exchange continues navigating European Union MiCA authorization requirements.

Fraudsters are exploiting the European Union’s MiCA transition by impersonating regulators and licensed crypto exchanges. With millions of users being pushed away from unlicensed platforms, officials are warning investors to verify providers before moving funds.