Turkey's Capital Markets Board, the nation's financial regulator, has announced the blocking of access to websites offering unauthorized crypto asset services. In a notice released on Thursday, the Board revealed it had initiated legal action against 46 websites, including the decentralized exchange PancakeSwap and Cryptoradar, as part of a crackdown on crypto services available to Turkish residents. The regulator invoked the Capital Markets Law to justify these actions. PancakeSwap, which reported over $325 billion in trading volume in June, is among the largest decentralized exchanges, alongside Uniswap and Curve. It remains unclear how authorities determined the platform was providing unauthorized services. Similar actions have been taken by regulators in various countries, citing unregistered operations or facilitation of illicit transactions. Since March, Turkey's Capital Markets Board has exercised full regulatory oversight over crypto service providers, requiring users to verify their identities for transactions exceeding approximately $425. While residents can trade cryptocurrencies, using them for payments has been banned since 2021. Read more AI-generated news on: https://app.chaingpt.org/news