Binance Halts Referral Program for Türkiye Users Amid Regulatory Compliance
Alvin Lang Oct 23, 2024 09:47
Binance has announced the termination of its Retail Referral Program for users in Türkiye to comply with local regulations, ensuring no disruption to other services.
In a significant move to align with local regulations, Binance has announced the termination of its Retail Referral Program for users in Türkiye. This decision, effective immediately, underscores Binance's commitment to maintaining compliance with national laws, according to Binance.
Impact on Referral Program
The termination of the Referral Program means that all referral codes previously accessed through Binance.com are now invalid for users in Türkiye. While the referral feature is no longer available, users who have already earned commissions through the system prior to this announcement will see their earnings remain unaffected. Existing referrers in Türkiye will continue to receive commissions from invitees who registered before this change.
Continuity of Other Services
Despite the halt in the referral program, Binance assures its users in Türkiye that no other services on Binance.com or its application will be affected. Users will continue to have uninterrupted access to Binance's comprehensive suite of products and services.
Regulatory Compliance
This adjustment comes as a necessary measure to ensure that Binance remains fully compliant with Turkish regulations, which is a priority for the platform as it seeks to provide a safe and reliable trading environment for its users.
Support for Users
Binance expresses appreciation for the understanding and continued support from its users during this transition. For any inquiries or concerns, Binance recommends reaching out to their customer support, which is available 24/7.
As the cryptocurrency landscape continues to evolve, such regulatory adjustments are becoming increasingly common, highlighting the importance for exchanges like Binance to adapt swiftly to maintain compliance and trust among their global user base.
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