Binance Executive meets Turkish Finance Minister virtually to discuss Crypto

The chief executive officer of the Binance exchange had a meeting with the finance minister of Turkey. 

Turkey is a technology adoptive country and also government agencies are showing friendly behavior toward crypto & blockchain technology adoption. In the last 2-3 years, the Turkish Lira faced a huge downfall in its value against the US dollar and that imposed additional pressure on the Turkish citizens to go with stablecoin & Bitcoin investment, to fight against inflation.

On 27 July, Nureddin Nebati, Finance Minister of Turkey, took to Twitter to inform his followers that he had a meeting with Changpeng Zhao, CEO of Binance exchange. The whole discussion was centered on the Crypto & blockchain industry.

We had a virtual meeting with Mr. Changpeng Zhao, the founder of Binance. Mr. @cz_binance and I had discussions on the blockchain ecosystem and crypto assets. pic.twitter.com/hkJrFxkugQ

— Dr.Nureddin NEBATİ (@NureddinNebati) July 27, 2022

Not Binance CEO nor the Turkish minister talked about particular crypto-related matters, so overall we can consider that meeting was just to talk about the formal crypto regulation, adoption & revolution.

Binance owns a huge Turkish customer

It is worth noting that Turkey is the top country for Binance exchange because the top numbers of Binance customers are from Turkey. 

Recently Binance established its customer service support office in Turkey, as a test. If Binance will get better outcomes through its newly established offline customer support center, then it will establish more such customer support offices in other countries.

Due to the Covid-19 pandemic, the global economy faced a huge downfall including Turkey’s economy. A downfall in the economy & plunge in the value of the Turkish Lira brought the situation of the country to its worst level. In the last half a year, the country worked at an international level to bring the economy dependent & Integrated with the economies of other developing countries. In particular, Turkey did a collaborative meeting with bitcoin-friendly country El Salvador, to share resources.

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