- Changpeng Zhao, CEO of Binance was recently showering praise on Turkey’s crypto potential.
- He mentioned how there is much for demand and interest of cryptocurrency in Turkey.
CEO of the world’s largest cryptocurrency exchange by traded volume, Binance, has recently been praising Turkey’s demand for and interest in cryptocurrency. He believes that the nation is giving itself “the chance to lead financial technology developments.”
These comments from Changpeng Zhao come after Binance recently announced the introduction, of a new fiat-to-crypto gateway for Turkish lira. As a recap, Earlier this month, the Turkish government did announce it may be ready to issue its own digital currency by the end of 2020
CZ said:
“Turkey plays a leading role in this field, giving it the chance to lead financial technology developments… If Turkey takes the right steps, it will become a very important actor in the field of financial technologies in the near future.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Latest Crypto News & Analysis
Editors’ Picks
Cardano partners with Chainlink to drive smart contract development for DeFi applications
Cardano recently announced a strategic partnership with decentralized blockchain oracle network Chainlink. The third-generation blockchain is preparing to build smart contracts for decentralized finance (DeFi) applications.
Huobi to stop servicing Chinese users as China vows strict crackdown on crypto
A few months after the cryptocurrency mining ban in China, the country issued another update last week, reiterating that digital assets are banned and crypto exchanges are prohibited. Shortly after the announcement was revealed, Bitcoin and altcoins plunged.
Ethereum bears contemplate a drop to $2450
ETH price is building up downside pressure while clinging to the 200-SMA support. RSI remains flat below the midline, keeping the sellers cheerful. A drop towards $2450 remains in the offing if the 200-SMA caves in.
Polkadot price at make-or-break point
Polkadot price spots a potential symmetric triangle pattern on the 1D chart. RSI stands neutral at 50.00, suggesting a lack of clear directional bias. 21-DMA offers immediate resistance.
Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive
Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.