Binance, which is seen as the world’s largest cryptocurrency exchange, has made a announcement of great importance for its activities in Turkey. In the announcement made by the exchange, it was noted that some important points from language option to advertising and marketing will be suspended for Turkey.

This statement came after the crypto asset law entered into force yesterday in our country. As it is known, the law prohibits exchanges without an office in Turkey from advertising and marketing activities. It also prevents the provision of services in Turkish.

So what do all these changes mean for Turkish cryptocurrency investors? First of all, it is worth noting that the Binance exchange has actually made it clear that it will comply with the laws in Turkey.

According to the announcement, Turkish users will be able to continue using Binance Global (binance.com and the Binance app). However, Binance.com will no longer have a Turkish language option. Therefore, if users want to use Binance Global, they will be able to use and trade in English. On the other hand, the company will completely end its direct marketing activities in Turkey on behalf of Binance Global.

Binance TR will continue its activities in Turkey in the same way. Nothing will change for Binance TR, which is a local exchange and has a company based in Turkey. In addition, in the statement made by Binance TR today, it was stated as follows:

“We are closely monitoring the regulations regarding crypto assets in Turkey. We understand the importance of collaborating with regulators to ensure a harmonized environment for all users. We are aware of the importance of establishing a legal framework for this industry for the protection and development of the ecosystem and we support the regulations.

While Binance TR is committed to full compliance with all regulatory requirements, we would like to share with you that the safety and satisfaction of our users will remain our top priority. All user funds are secure and deposit/withdrawal functionality will remain available.”