Binance to Phase Out Turkish Language Support, Halt Local Marketing

Binance announces major changes to its Turkish operations, including the removal of Turkish language support and cessation of local marketing activities.

Key Insights

  • Binance is adjusting services in Turkey to comply with local regulations.
  • Turkish language options will be phased out and marketing activities halted.
  • This follows recent restrictions for European users ahead of EU’s MiCA regulation.

ISTANBUL (MarketsXplora) Cryptocurrency exchange Binance announced on Wednesday significant changes to its operations in Turkey, as the platform moves to align with local regulations.

The world’s largest crypto exchange by volume said it would maintain access to for Turkish users, but outlined key modifications to its services in the country.

Over the next three months, Binance plans to gradually phase out Turkish language options from its platform. Additionally, the company will cease all marketing activities targeting Turkish users.

“We recognize these changes will impact some of our users,” a Binance spokesperson told MarketsXplora. “However, the safety and experience of all our users remain our top priority.”

The exchange assured customers that their funds are secure and that deposit and withdrawal functions will continue to operate normally.

This development follows Binance’s recent implementation of restrictions for European users, which caught many off guard last month. The company has been proactively adjusting its services ahead of the European Union’s Markets in Crypto-assets (MiCA) regulation, set to take effect on June 30.

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