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As it is known today, Turkey is introducing stricter anti-money laundering (AML) regulations related to cryptocurrencies. In particular, starting from February 25, 2025, users who make transactions exceeding 15,000 Turkish lira, or the equivalent of $425, will be required to provide their credentials to cryptocurrency service providers in the country.
Interestingly, a large Ethereum (ETH) withdrawal was spotted today on the popular Turkish crypto exchange BTCTurk. According to a report by Whale Alert, 20,000 ETH, or the equivalent of $69.87 million, was withdrawn from the exchange to an unknown wallet under the address “0x76eC”.
What about the recipient? The address is probably new and has not had any transactions until today. However, all of today’s transactions were made with the participation of BTCTurk.
On the one hand, this may mean that the address belongs to the exchange itself. But on the other hand, it may also be the wallet of a large investor who is moving funds in connection with the latest news.
According to Kaiko’s summer data, the Turkish lira has become the third largest fiat currency in the world in terms of cryptocurrency trading volume, amid high inflation and a weak TRY. The share of the Turkish lira (TRY) in the cryptocurrency market reached a record high of 19% in the first half of 2024.
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.