JUST IN: Binance Global is Withdrawing from the Turkish Market!

An important statement came from Binance Global after the cryptocurrency law was published in the Official Gazette.

Binance Global has published an update containing changes regarding its activities in Turkey:

“As part of Binance’s commitment to transparency and compliance, there will be some significant changes to our services in Turkey.

As Binance, we closely follow the legal developments in Turkey. We believe in the importance of cooperation with regulatory authorities to ensure a harmonious environment for all users and strongly support the development of a regulatory framework for our industry to protect the ecosystem. Therefore, we take all necessary measures to ensure legal compliance in Turkey and globally.

In line with these regulations, Binance. com will continue to be accessible from Turkey. However, there will be some adjustments to our services:

Language Options: Turkish language selection Binance. com services will be gradually closed within 3 months.

Marketing Activities: All direct marketing activities towards Turkish users will be completely stopped.

We realize that these changes will impact some of our users, but as always, the safety and experience of all our users will remain our priority. Rest assured that all user funds are safe and deposit/withdrawal functions will remain available.”

Considering the statement made, access to Binance Global will continue for Turkish Users. However, since Binance Global will not apply for a license in Turkey, it will cease its activities in areas such as marketing and advertising for Turkish customers.

Binance is expected to continue its activities in Turkey through Binance TR.

Turkey’s new crypto framework is a positive step forward for the industry.

At #Binance, we support these developments and will keep collaborating with regulators for a secure, compliant crypto ecosystem.

More details here ⤵️ https://t.co/1ueOliKUYd

— Binance (@binance) July 2, 2024

*This is not investment advice.

Source