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Crypto exchange Binance has partnered with the most forward-thinking bank in Turkey, Akbank.
The leading global cryptocurrency exchange confirmed that its users in Turkey could now instantly deposit and withdraw Turkish Lira (TRY) on Binance via desktop and the iOS App with its most competitive fees.
Binance is a blockchain ecosystem that’s comprised of several arms to help the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume with users from over 180 countries and regions.
Binance continues to work with a growing list of partners with Binance Global to provide the world with easy access to cryptocurrency. The company is making more ways so users can purchase cryptocurrency with fiat quickly and safely.
“As part of our mission to continue working on increasing the freedom of money worldwide and notably in a country that is fast-adopting digital assets, we are expanding the available options to lower the barrier to entry,” said Changpeng “CZ” Zhao, Binance CEO. “As the industry scales with our products and services that grow in tandem, the availability and process of investing, exchanging and trading crypto will become more and more seamless.”
Meanwhile, Binance announced last week that it just participated in the blockchain-based Shyft Network to implement its decentralized infrastructure to comply with the Financial Action Task Force (FATF) Travel Rule. Binance was the first to drive the deployment of federated coalitions onto the Shyft Network’s discovery and data interoperability layers.
“Until now, the industry has not had an existing infrastructure for VASPs to coordinate and comply with the FATF’s new guidelines. Shyft Network’s solution enables VASPs to fully comply with the Travel Rule. The Shyft Network team provides a unique approach in working hand-in-hand with international governments and regulatory bodies--in concert with the network’s established, open-source technology--we believe it is the right solution for ongoing regulatory compliance,” said Chief Compliance Officer of Binance, Samuel Lim.
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