On Wednesday, Turkey’s Finance Minister meets virtually with the founder of Binance to discuss blockchain technology and cryptocurrencies. The news comes as the country prepares to regulate cryptocurrencies. In addition, the country is an important market for services Binance with a large local user base.
CZ spoke with authority Turkish
Rather during the day, CZ held a virtual meeting with the Turkish Minister of Finance, the dr Nureddin Nebati. During the meeting, the two discussed the blockchain ecosystem and crypto assets. Nevertheless, the parties do not The details of the meeting are not specified.
— Dr. Nureddin NEBATİ🇹🇷 (@NureddinNebati) July 27, 2022
The meeting has gained momentum as several cryptocurrency companies around the world face increased legal scrutiny and regulatory pressure. The minister reported the same in a tweet.
“We had a virtual meeting with Mr. changpeng Zhaothe founder of Binance. Mister. CZ and I had discussions about the blockchain ecosystem and crypto assets.
To find out: EBA, the European crypto regulator, is concerned about its inability to find qualified employees.
Binance expands its presence in Turkey.
In fact, Turkey is known to be home to many clients of Binance. Data extracted from the analysis company. similarweb show that the Turkey was the largest source of traffic to Binance last month. Binance it has a traffic share of 6.37%, with Turkey behind Russia with a share of 6.29%.
The stock market also dominates the Turkish financial sector. According to SimilarWeb, Binance It ranks fourth among companies in the financial investment category. In general, the Turkey is one of the countries that has shown a strong interest in cryptocurrencieswith citizens investing in different assets to fight rampant inflation.
However, the relationship between Binance and Turkey have not always been favorablewith the exchange feeling the impact of recent crypto laws in the country. In December, the Turkish authorities imposed Binance a fine of up to $750,000 for not following the new rules. Under new laws enacted in early 2021, Binance was accused of failing to provide customer information related to money laundering.
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