[Digital Today reporter Yoonseo Lee] Binance France will close local user accounts on Dec. 31, local time.

Cointelegraph reported on Nov. 8 that Binance told users of the service end schedule in early November. Binance also said it would charge a monthly maintenance fee if users leave assets on the exchange after Nov. 29.

Binance plans to close all accounts on Dec. 31 as it ends the business. Accounts with remaining balances on Nov. 29 will be charged a monthly fee of 0.025 percent of the balance, with a minimum charge of 10 USDC, a dollar-pegged stablecoin.

The company also said failing to withdraw cryptocurrency by Dec. 31 can be viewed as notice of its intention to treat the account as inactive under the terms of service. It said assets could then be converted, transferred or otherwise handled.

The move coincides with a trend in which Binance has begun reducing some user services in Europe after the end of the transition for the European Union's crypto regulatory framework, MiCA. Binance previously said it would restrict access to core services for EU users after failing to secure MiCA authorisation in any member state.

A Binance spokesperson said the company is gradually restricting some services for affected users in line with a previously announced schedule after the end of the MiCA transition period. The spokesperson did not say whether the same notice was sent to users in Spain and Belgium.

The market sees the withdrawal from France as an extension of a reorganisation of its European business. Binance's global customer base has been reported at at least 300 million, and the app was downloaded more than 4 million times in the European Union last year. Against that backdrop, the closure of French user accounts and the fees on remaining balances show that region-by-region service reductions in line with the MiCA system are moving to the user level, rather than a simple operational adjustment.

A key point to watch is whether the measures expand to other European countries. Binance has already presented French users with a withdrawal deadline and an account closure schedule. As a result, Binance users in Europe are expected to recheck each country's service scope, withdrawal schedule and account handling method.