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Binance sunsets referral program in Turkey due to local regulations

Crypto exchange Binance has terminated its retail referral program in Turkey to comply with local regulations. This move comes after Binance, along with other trading platforms, registered its services with Turkey's Capital Markets Board. The termination aligns with Turkey's strict crypto regulation, which includes severe penalties for non-compliance. Despite the end of the referral program, Binance assured users that there would be no other changes to the platform. Existing referrers in Turkey will still receive commissions from invitees who registered before the program's termination.

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