European Securities AND Markets Authority

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.

European Union crypto platforms face a three-month deadline to remove customer exposure to stablecoins that do not meet MiCA requirements. The guidance does not name tokens, but USDT and PYUSD are prominent examples of stablecoins not authorized under the framework.

European financial authorities say advanced quantum computers could eventually undermine cryptography used to secure blockchains, raising fresh concerns for Bitcoin holders using older or reused addresses. About 6.9 million Bitcoin, valued at roughly $586 billion, could be at risk if exposed public keys become vulnerable to future private key attacks.

Europe’s securities regulator has warned that major prediction market platforms generally need authorization to serve EU users. ESMA also flagged the risk that an AI-driven technology stock sell-off could spill into crypto markets.

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.