Turkish Finance Minister in Talks About Crypto With Changpeng Zhao

The Turkish Minister of Finance, Nureddin Nebati, recently participated in a digital meeting with Binance CEO Changpeng Zhao which they discussed the evolution of blockchain technology and other cryptocurrencies. Both Zhao and Gleb Kostarev, who was hired in March to serve as Binance’s Asia Regional Manager, were participating in the video conference call.

It is common knowledge that Turkey’s volume of cryptocurrencies transaction is higher than the norm for the globe. Recent data suggests that among European nations, Turkey is the nation that is home to the greatest number of cryptocurrency users. Also, according to data provided by Similarweb, users from Turkey make up the largest single source of traffic for Binance.

In addition, Turkey is actively working on legislation that will regulate cryptocurrencies at the moment. although studies on crypto money laws are still ongoing in Turkey, government officials have claimed that significant measures would be done for the crypto markets in the near future.

Turkey is seen as an essential market for cryptocurrency exchanges operating on a worldwide scale. Additionally, Binance places a significant emphasis on investors from Turkey.

In point of fact, in addition to the Binance Global platform in Turkey, the BinanceTR platform continues to provide Turkish crypto investors with a variety of specialized services.

There were speculations that Binance made an effort to purchase a cryptocurrency exchange that was headquartered in Turkey during the last few months; however, this move did not progress beyond the status of a rumor in the days that followed.