In accordance with the recent economic policies implemented in our country, a new cryptocurrency law It was published in the Official Gazette and entered into force. Accordingly, the activities of cryptocurrency exchanges that are not resident in Turkey will be terminated in our country. In this context, a statement came from Binance.com. According to this statement Global Binance services in Turkey does it stop? Here are the details of the statement…
Is Global Binance Stopping Its Services in Turkey? Here Are the Details…
According to the Cryptocurrency Law, which came into force after being published in the Official Gazette, cryptocurrency exchanges operating in our country are subject to the CMB (Capital Markets Board) have to get a license. Cryptocurrency exchanges established in Turkey must now be subject to the CMB and comply with the rules set by it.
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In this context, only those who provide service in our country non-resident cryptocurrency exchanges It will not be able to continue to provide services in Turkey. Those who want to continue their activities in our country will have to make arrangements to fulfill their obligations.
Operating worldwide largest cryptocurrency exchange Binance was providing services in our country both globally and in TR. Global Binance is not established in our country, but Binance TR is established in Turkey. Binance TR will continue its services in our country, but global Binance (Binance.com) is withdrawing from our country.
Binance announced in a statement that Binance.com will remove Turkish language support and will end its marketing activities in our country. Binance TR is currently new crypto law provides services appropriately, but global Binance’s services are not in compliance with the new law. According to the statement, it will be possible to access global Binance, but many services will no longer be provided.
Is Binance Withdrawing from Turkey?
In addition, according to the company’s statement, there will be no negative situation affecting the investments of existing users. Binance.com stated that users’ investments are safe and that the necessary deposits and withdrawals can be made. In short, the resident Binance in our country (TRBinance.com) will not be affected by the decision, but Binance.com will now be in a restricted state.
The statement made by Global Binance is as follows:
“As Binance, Regulations on crypto assets in Turkey We are following closely. We understand the importance of cooperating with regulators to ensure a harmonious environment for all users. We are aware of the importance of establishing a legal framework for the industry, for the protection and development of the ecosystem, and we support the regulations. Therefore, we continue to take all necessary measures to ensure legal compliance in Turkey and globally.
Within the framework of these regulations, Binance.com We assure you that it will continue to be accessible from Turkey. However, there will be some important changes to our services:
- Language Option: The Turkish language option in Binance.com services in Turkey will be gradually removed within 3 months.
- Activity of marketing: All direct marketing activities for Turkish users will be completely stopped.
We realize these changes will impact some of our users, but as always, the safety and satisfaction of all our users will be our priority. All user funds are safe and deposit and withdrawal functions will continue to be available.”