In a significant move impacting Turkish cryptocurrency traders, Binance has announced the restriction of all TRY-based trading pairs for LUNC, effective October 30, 2025. This decision comes in response to the Turkish government's recent regulatory changes aimed at enhancing anti-money laundering (AML) and know your customer (KYC) compliance. The analysis suggests that the situation is causing growing concern.
Tightening of AML/KYC Laws in Turkey
The tightening of AML/KYC laws in Turkey, coupled with amendments to capital market regulations, has prompted Binance to reevaluate its trading offerings for Turkish users.
Loss of Fiat-Linked LUNC Trading Pair
As a result, traders in Turkey have lost access to their last fiat-linked LUNC trading pair on the platform, which has further constrained their trading options in the increasingly regulated environment.
Challenges for Cryptocurrency Exchanges
This move highlights the ongoing challenges faced by cryptocurrency exchanges in adapting to evolving regulatory landscapes across different jurisdictions.
In contrast to Binance's recent restrictions on TRY-based trading pairs for LUNC, XYO has officially launched for trading on Gate US, providing new opportunities for US traders. For more details, see read more.
