Accounts with balances below $40,000 are charged a fixed fee of 10 USDC per month; Binance is still applying for MiCA licensing in the EU

Odaily Planet Daily News: Bitcoin News posted on X platform stating that Binance will shut down affected EU accounts by December 31, 2026. Starting November 29, monthly fees for remaining crypto assets in accounts will be charged at a rate of 0.025% of the balance or 10 USDC, whichever is higher; accounts with balances below $40,000 will incur a fixed monthly fee of 10 USDC, and if the balance is less than the monthly fee due, Binance will charge the entire balance. Deposits to these accounts are no longer possible, but withdrawals remain allowed. Binance stated it is still applying for a MiCA license in another EU country.