Cryptocurrency exchange Binance has announced that it will open a customer service center in Turkey. This was written in reference to a press release by the local branch of Cointelegraph.

According to the publication, the company will provide Turkish support 24 hours a day through the application. The aim of the initiative is to reduce the number of fraud cases.

In response to a request from ForkLog, Binance representatives confirmed the launch of the service, but did not reveal details.

In 2020, the trading platform launched the Binance TR section with support for Lira fiat deposits. Then the CEO of the company, Changpeng Zhao, described Turkey as one of the leading countries in terms of the dynamics of the implementation of blockchain solutions and a key market for the global economy.

At the end of 2021, the Turkish Financial Crimes Investigation Board fined the local unit of the bitcoin exchange 8 million lira for violations detected during the audit.

Previously, the regulator required crypto trading platforms to notify users of transactions exceeding the 10,000 lira limit. In April, the Central Bank of Turkey banned the use of cryptocurrencies as a form of payment.

Recall that in early January 2022, the media reported the growing popularity of Bitcoin and Tether in Turkey due to the depreciation of the lira.