Binance to tighten crypto deposit and withdrawal procedures in Poland

The crypto exchange Binance warned users in Poland about changes to cryptocurrency deposit and withdrawal procedures.

According to the notice, from 20 January clients must provide their full name, country, and the name of the exchange (if applicable) for the following operations:

• for deposits over €1000 — the sender’s details;
• for withdrawals of any amount — recipient information.

Binance said the changes are driven by the entry into force of the EU digital-asset regulation MiCA and apply only to cryptocurrency transfers.

In December 2024, Bybit said it would cease providing all services in France due to tighter licensing requirements.

Before that, Coinbase warned of restricting access to stablecoins that are not compliant with MiCA, and the suspension of payouts under the rewards programme for USDC holders in the EU.

Earlier, Tether CEO Paolo Ardoino said MiCA creates “systemic risk” for “stable coins” and the banking system. MakerDAO founder Rune Christensen believes this will affect DeFi as well.