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Binance announced that it will close user accounts and cease related operations in France on December 31, 2026, due to its failure to obtain regulatory approval from the European Union's MiCA. Deposit functionality is currently unavailable. Starting November 29th, accounts still holding assets will be charged a monthly management fee of 0.025%, with a minimum fee of 10 USDC. The fee will be deducted first from USDC, and if insufficient, from other crypto assets. Accounts that withdraw all funds before November 29th will be exempt from the fee. (Source: Cryptooast)