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.