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PancakeSwap, 45 Crypto Sites Banned by Turkish Regulator Over Unlicensed Crypto Services

  • Turkey's Capital Markets Board has blocked access to PancakeSwap and 45 other crypto sites for unauthorized services under the new market law.
  • This move marks Turkey's first crackdown on decentralized exchanges, signaling a stricter stance on crypto regulation.
  • The SPK cited violations of the Capital Markets Law No. 6362 and ordered ISPs to block websites providing unlicensed finance services.
  • Although crypto adoption is rising in Turkey due to currency instability, the country has been increasing regulatory oversight with more than 60 sites blocked.

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