How many interstitials would you allow after the clearly visible option in the account settings?
This has actually been the case in Germany (and perhaps even EU) for a while. Mostly because courts have ruled that cancelation must not be harder than signing up.
In Germany they were especially trying to force you to send letters or fax cancellations when you could sign up or upgrade via phone, e-mail or web form. Courts said no to that practice.
> Would you like to continue your subscription? "Yes", "Maybe later"
Even if you consider it all to be part of the sign-up, it could be a single form so the match of “as many forms to cancel as to sign-up” still works: this one form for signing up, the “are you sure, this is why you might prefer not to” page being its opposite at the other end.