Binance removes referral system for Turkey
Binance exchange, which has recently taken various steps within the framework of Turkish compliance laws, is also removing the referral system after Turkish language support. Starting tomorrow, new referral applications from Turkey will not be accepted and old referral relationships will also be terminated.
Binance exchange continues to take compliance steps for regulations in Turkey. Starting tomorrow, the exchange will terminate the referral (affiliate) system for Turkish users. New applications will not be accepted and old referral relationships will also be terminated.
The following was stated in the information sent to program members by e-mail this morning by the exchange:
“Within the scope of the Crypto Asset Law adopted by the Turkish Grand National Assembly on 02-07-2024, all products and services on Binance.com will continue to be offered to users in Turkey in English and all other supported languages. However, as of 02-10-2024, we regret to inform you that the Binance.com Affiliate Program will be terminated in accordance with Article 99/A – (1) of the law.
You can find the updates to our affiliate program below:
As of 02-10-2024, new affiliate applications from Turkey will not be accepted and existing affiliate relationships will be terminated.”
Within the framework of compliance steps, Binance.com, Binance’s website that provides services worldwide, will also be able to continue its activities.
As you may recall, the law, whose real name is “Law Proposal on Amendments to the Capital Markets Law”, was accepted at the Turkish Grand National Assembly General Assembly on June 26.
Within the framework of the rules, foreign exchanges were not banned, but certain restrictions were imposed on companies that would receive a license. One of these restrictions was the ban on the reference system. Crypto exchanges subject to Turkish law will also be closed to leveraged transactions.
