CZ Praises Turkey: “One Of The Fastest-Growing Crypto Nations”

A recent B2B event in Turkey showed viewers how CZ praises Turkey and says that it is one of the fastest growing nations in terms of cryptocurrency adoption. The chief behind the leading cryptocurrency exchange Binance found time to attend the Turkish Capital Markers Summit in Istanbul (held every year).

At the event, Changpeng “CZ” Zhao gave a speech and said that the country is one of the fastest growing crypto nations. This speech followed his speech at BlockShow Asia 2019 and the controversy over alleged false reporting. This has been a very busy month and as CZ praises Turkey, we have seen a lot of statements from him in the Binance news.

After the fireside chat on stage where he said that Turkey is progressing well, CZ officially announced that Binance is now supporting the Turkish Lira. He answered a couple of questions for media outlets and stated that the goal of Binance was “to serve the best interest of our Turkish community and responding to their demands. We are working to develop more services to our Turkish community and will soon.”

When asked about other exchanges such as Huobi and how they promote their solid plans for compliance when entering Turkey, CZ noted that they take regulatory compliance very seriously.

“We take regulatory compliance very seriously. Working with governments is key to building a sustainable industry and promoting greater adoption. We are always working with local regulators in our development efforts.”

He also noted that very soon, Binance will add direct Turkish Lira bank transfers and Turkish Lira pairs on the exchange. “Other than that we really want to invest in Turkey heavily We also want to increase our team members somewhere between 10-20 people in the next 3 to 6 months. And if you’re looking for a job in the cryptocurrency industry please hi to us.”

With many other initiatives and partners in the area, CZ praises Turkey but is also enthusiastic about expanding to the rest of the world. Starting November 15, Turkish users can buy and sell cryptocurrency on the fiat gateway platform after a partnership between Binance and Papara (a secure payments provider) was coined – allowing users to purchase BNB, BTC, ETH, BUSD and XRP with TRY.

“Turkey is a vibrant country that has illustrated one of the strongest demands and fast-growing interest in crypto. At Binance, we strive to provide the best product, most stable exchange platform, with great local language customer service, and of course, lowest fees,” CZ concluded.