Bitcoin traded below $76,000 as regulatory pressures intensified across Europe, with Binance confirming the shutdown of accounts in France, Spain, Italy, and Poland by December 31 following the expiration of the European Union’s Markets in Crypto-Assets (MiCA) transition period.
The calculation is as follows. The world’s largest cryptocurrency declined 0.34% to $75,776.7, staying firmly under the $80,000 threshold as market participants digested fresh compliance hurdles, platform restrictions, and security breaches across the digital asset ecosystem.
According to mx.investing.com, affected clients in France, Spain, Italy, and Poland have received withdrawal notices after the exchange failed to secure authorization under the EU’s unified licensing framework. Binance withdrew its Greek license application in June while continuing to seek approval elsewhere in the bloc, as reported by mx.investing.com.
Binance France to Close Customer Accounts on December 31, Introduce Monthly Fees From November 29 According to Cryptoast, Binance France will close its customer accounts on December 31, 2026, after failing to obtain authorization under the EU's MiCA framework. Deposits have… pic.twitter.com/RLGQ4z8f8L
CoinDesk reported that deposit functionality remains blocked for affected users, though balances can still be withdrawn in crypto and fiat assets. Users in countries without a local entity, such as Portugal, remain subject to broader EU restrictions, according to CoinDesk.
Starting November 29, remaining balances will incur a monthly maintenance fee of 0.025% or 10 USDC, whichever is greater, according to DiarioBitcoin. A second charge is scheduled after December 24, with DiarioBitcoin noting that the 10 USDC minimum heavily impacts smaller accounts since the percentage fee only exceeds that threshold on balances above 40,000 USDC.
France’s Autorité des marchés financiers (AMF) noted that the registration for Binance France expired automatically on July 2, as highlighted by CoinDesk and Cointribune. Cointribune added that although a return to the French market via AMF authorization was considered in September, that approval has not yet materialized.
| Cryptocurrency | Price (USD) | 24-Hour Change |
|---|---|---|
| Bitcoin | $75,776.70 | -0.34% |
| Ether | $2,233.99 | -0.57% |
| XRP | $1.1634 | -0.48% |
| Solana | $89.16 | -1.21% |
| Cardano | $0.1802 | -2.49% |
Ripple CEO Brad Garlinghouse reaffirmed XRP’s central role in the company’s strategy, tying stablecoin expansion to improved institutional liquidity. For market participants, these developments compound compliance friction as Bitcoin trades below $76,000.
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