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Türkiye imposes sanctions on decentralized cryptocurrency exchanges, PancakeSwap access blocked

2025-07-04 20:27:19 1 days ago CoinRank

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CoinRank News: The Capital Markets Board of Turkey (CMB) has blocked access to PancakeSwap for unauthorized provision of crypto asset services, marking the first time Turkey has imposed sanctions on DEX. Also banned is the crypto price comparison platform CryptoRadar. The decision was based on the regulatory authorization obtained by CMB last year to block unlicensed foreign crypto service platforms targeting Turkish users. Analysts pointed out that this move sets a precedent for Turkish regulators to crack down on DEX, which may affect similar platforms such as Uniswap and Raydium. (Turkiye Today)

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