Binance Ends Turkish Outreach, Ceasing Marketing and Language Support

IconCryptoNewsTerminal Staff02 Jul, 2024

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Binance Ends Turkish Outreach, Ceasing Marketing and Language Support

Binance, the world's largest cryptocurrency exchange, recently announced a halt to all marketing activities specifically targeted at Turkish users. This decision follows regulatory changes within Turkey. The exchange also plans to discontinue Turkish language support on its platform within the next three months. Binance has stated that this move is in response to the need to align with evolving local regulations. The exchange has emphasized its commitment to adhering to legal requirements in all jurisdictions where it operates. This development marks a significant shift for Binance's presence in Turkey, where it has held a substantial market share. It is unclear how the suspension will affect Binance's operations in the long term and whether it will have any broader implications for the cryptocurrency industry in Turkey.

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