Cryptocurrency exchange Binance has notified Polish users of upcoming changes to deposit and withdrawal procedures for digital assets.

According to the announcement, starting January 20, customers in Poland must provide the following details for certain transactions:

Deposits over €1,000: full name, country, and (if applicable) the name of the originating exchange for the sender.
All withdrawals (regardless of amount): full name, country, and (if applicable) the name of the exchange for the recipient.

Binance representatives explained that these changes are prompted by the MiCA regulatory framework (Markets in Crypto Assets) coming into force in the EU, and they apply only to cryptocurrency transfers.

In December 2024, Bybit announced it would discontinue all services in France in response to stricter licensing requirements.

Before that, Coinbase warned of limiting access to non-compliant stablecoins under MiCA and pausing rewards for USDC holders within the EU.

Context

Tether CEO Paolo Ardoino said MiCA poses a “systemic risk” to stablecoins and the banking system. MakerDAO founder Rune Christensen believes it will also affect the DeFi sector.