Binance plans to gain a foothold in the Turkish market

by in Cryptocurrency News

Changpeng Zhao

Binance CEO Changpeng Zhao and head of the Eastern European branch of the exchange Gleb Kostarev discussed cooperation options with the Turkish authorities.

The world's largest cryptocurrency platform plans to gain a foothold in the Middle East and Europe. In addition, she is ready to help states modernize their financial infrastructure.

During a recent trip to Kazakhstan, Kassym-Jomart Tokayev was greeted by Changpeng Zhao. A collaboration pact was signed by the parties. The republican administration will receive cryptocurrency regulation advice from Binance.

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Changpeng Zhao spoke with Nureddin Nebati, the finance minister of Turkey, through the internet this week. They talked about blockchain technology and the opportunities for adopting cryptocurrency in this nation.

Binance has also expressed its willingness to assist the Turkish government in developing a regulatory framework for the cryptosphere. The details of the negotiations were not disclosed.

The Ministry of Finance stressed that Ankara is developing legislation for digital currencies. However, in this country, it is forbidden to use bitcoin when paying for goods and services. The corresponding law came into force last year.