Binance is revising its cryptocurrency deposit and withdrawal procedures in Poland to align with the EU's Markets in Crypto-Assets Regulation (MiCA) effective January 20. Users making crypto deposits over 1,000 euros must provide the sender's full name, country, and exchange name, while withdrawals require information about the beneficiary. These updates are focused solely on crypto transfers and may lead to delays if the required information is absent. MiCA, enacted on December 30, 2024, aims to regulate crypto asset service providers across the EU, enhance consumer protection, and tackle anti-money laundering issues. It mandates that transfers exceeding 1,000 euros include detailed sender and recipient information. In Poland, cryptocurrency activities are permitted, with a flat tax rate of 19% on crypto income. A new draft regulatory framework calls for Virtual Asset Service Providers to switch to the new licensing system by June 30, 2025, ahead of the EU's deadline in July 2026.

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