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Crypto Regulation

Binance France to charge account fees from Nov 29, close all accounts by year-end

Binance France will close all customer accounts on Dec. 31, 2026, and from Nov. 29 will charge a monthly management fee on accounts still holding assets, equal to the greater of 0.025% of the balance or 10 USDC. The fee will be deducted first from USDC balances and then from other crypto assets. Accounts that withdraw all assets before Nov. 29 will not be charged.

Original source

AI take

The fee structure is designed to push remaining balances off the books rather than generate revenue — a 10 USDC floor hits small holders hardest, and draining USDC first suggests an intent to clear stablecoin balances before forcing conversions of other assets. For French retail users, the practical window to act fee-free closes well before the December shutdown, making the November date the real deadline. What's worth watching is whether this orderly wind-down becomes a template for Binance's exit mechanics in other jurisdictions facing regulatory pressure.

Generated by AI for reference only.

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