Binance Responds to Confusions Over Turkey’s New Cryptocurrency Regulation: Will Users Still Be Able to Use Global?

The world’s largest crypto para Binance exchange responded to a series of questions about cryptocurrency regulations in Turkey. Binance stated that it listens to its users’ questions and works to find solutions to their problems.

Binance announced that users in Turkey will continue to have access to Binance.com in accordance with regulations. However, it stated that some changes will be made to some activities in Turkey due to the law. These changes include:

• – Gradual termination of Turkish language support on Binance.com within 3 months,
• – Turkish users will be able to use Binance.com without any changes in English and other supported languages,
• – There will be no special advertisements or campaigns for Turkish users,
• – Turkish users can participate in global campaigns on their own initiative,
• – Turkish customer service support will continue for Turkish users.

It was stated that users do not need to take any action regarding the new Crypto Law. It was also stated that BinanceTR will continue its activities in Turkey with the new Crypto Law and there will be no change in user communication and operation.

The differences between Binance TR and Binance.com were also touched upon. It was stated that both platforms offer crypto asset trading services, but they adopt different business models. Binance TR was described as a crypto asset platform that was established in Turkey in 2020 and quickly became the market leader. Focusing on the Turkish market, Binance TR offers customized services for the needs of Turkish users, while Binance.com is a global exchange that provides services worldwide.

*This is not investment advice.