Binance CEO: Turkey is Among the Fastest-Growing Nations in Crypto and Blockchain


At a B2B event in Turkey, Binance CEO – Changpeng Zhao took photos with men and women dressed in suits from traditional public sectors and financial institutions. CZ, dressed in a hoodie, attended the Turkish Capital Markets Summit that took place on November 19 in Istanbul, Turkey. CZ is having a busy month between his Blockshow speech in Asia (2019) and all the controversy that went on after the purported false reporting.

During the interview with Cointelegraph, CZ praised Turkey claiming that the country is one of the fastest-growing in crypto. He officially made an announcement that Binance will be supporting the Turkish Lira. In the interview, CZ said that the Company’s main goal is to wholeheartedly serve the Turkish community and to ensure that their demands are responded to accordingly.

Changpeng answered the question on regulatory compliance saying that his company takes compliance issues seriously. He added that working hand in hand with the government is the only way to promoting greater adoption and building a sustainable industry. He said that his company works with regulatory bodies in each and every development effort.

CZ said that they will very soon launch direct transfers from the Turkish Lira Bank to Binance. The company will also increase its team members in the next 3-6 months to make a team of 10-20 members. Binance is also working on different initiatives including partnerships in Turkey. The company aims at investing heavily in Turkey.

Starting on 15th November, users in Turkey will be able to buy and sell cryptocurrency via Binance’s gateway platform. The partnership with Papara to buy BTC, BNB, BUSD, TRY, XRP, and BTH. Papara is a well regulated and very secure payment provider.

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