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Home ยป Binance Global Provides Update on the Turkish Market
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Binance Global Provides Update on the Turkish Market

By adminJul. 2, 2024No Comments2 Mins Read
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Binance Global Provides Update on the Turkish Market
Binance Global Provides Update on the Turkish Market
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### Binance Global Responds to Turkish Market Regulations

Following the publication of Turkey’s cryptocurrency legislation in the Official Gazette, Binance Global has issued a significant update regarding its operations in the country.

In a statement emphasizing transparency and regulatory compliance, Binance Global announced several adjustments affecting its services in Turkey:

“We are committed to maintaining transparency and compliance with regulatory developments in Turkey. In collaboration with authorities, we aim to foster a conducive environment for all users and support the establishment of a regulatory framework that safeguards the industry’s ecosystem. To align with these regulations, Binance.com will phase out its Turkish language services within the next three months. Additionally, all direct marketing efforts targeted at Turkish users will be discontinued.

“While these changes may impact some users, our priority remains the safety and satisfaction of all Binance Global users. We assure the security of all user funds and will continue to offer uninterrupted deposit and withdrawal functionalities.”

Despite these adjustments, Turkish users will still have access to Binance Global, although the platform will not pursue licensing in Turkey and will halt marketing and promotional activities for Turkish customers. Binance TR is expected to continue operations within the country.

Binance expressed support for Turkey’s new cryptocurrency regulatory framework, viewing it as a positive step forward for the industry. The company reaffirmed its commitment to collaboration with regulators to uphold a secure and compliant crypto ecosystem.

For more information, visit [Binance’s official statement](https://t.co/1ueOliKUYd).

*Note: This communication does not constitute investment advice.*

To trade over 300 cryptocurrencies, register on Binance with a **20% COMMISSION DISCOUNT** [here](link).

Follow Binance on [Telegram](link) and [Twitter](link) for exclusive news, analytics, and on-chain data updates.

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