đ„đ„Hot Development: Binance Global's Turkey Announcement đ„đ„
As of September 27, Binance Global has decided to remove Turkish language support as required by law. Although Turkish support is not offered on the application and website, customer service will continue to provide services in Turkish. Apart from this, no other update affecting Turkish investors is expected.
The cancellation of language support was previously announced in statements made by Binance, and this prevented global exchanges from providing Turkish services to Turkish citizens. With the recently announced CMB rules, local exchanges are also expected to assume many responsibilities.
Binance Turkey Announcement
Regulatory developments in Turkey and around the world bring with them new rules that cryptocurrency exchanges must comply with. Especially after the billions of dollars in fines paid to the US, Binance is very careful about complying with the rules. The law approved by the Turkish Grand National Assembly on July 2 prevented Binance Global and other global exchanges from providing Turkish services. The Binance application and website will continue to be used in English and other languages. The Turkish customer service line will remain active and there will be no other updates affecting user funds.
Another important expectation for investors in Turkey was cryptocurrency tax updates. Vice President Yılmaz made investors breathe a sigh of relief by stating that there is no change in their agenda on this issue. It is stated that tax updates in the crypto exchange and field are not expected for a long time.
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