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Binance Clarifies Uncertainties About Turkey’s New Cryptocurrency Regulation: Will Users Still Be Able to Access Binance?
Author: Mete Demiralp
Date: 03.07.2024 – 15:35
Update: 3 seconds ago
Binance, the largest cryptocurrency exchange globally, has addressed various questions regarding new cryptocurrency regulations in Turkey. The company emphasized its commitment to responding to user concerns and finding appropriate solutions.
Binance assured that Turkish users will continue to access Binance.com in compliance with the new regulations. However, some modifications will be made to specific operations within Turkey to align with the legal requirements. These changes include:
– Phased discontinuation of Turkish language support on Binance.com over the next three months.
– Turkish users will still be able to use Binance.com in English and other supported languages without any alterations.
– No targeted advertisements or campaigns will be created specifically for Turkish users.
– Turkish users can participate in global campaigns independently.
– Customer service support in Turkish for users in Turkey will remain available.
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It was highlighted that users are not required to take any action due to the new Crypto Law. Additionally, BinanceTR will continue its operations in Turkey under the new Crypto Law without any changes to user communication and operational procedures.
The differences between Binance TR and Binance.com were also clarified. Both platforms offer cryptocurrency trading services but follow different business models. Binance TR, established in Turkey in 2020, has quickly become the market leader by focusing on the Turkish market and providing tailored services to meet the needs of Turkish users. In contrast, Binance.com is a global exchange offering services worldwide.
*This information is not financial advice.
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