The Capital Markets Board has imposed a ban on Pancakeswap and many other sites.

The reasons include leverage, unauthorized cryptocurrency service provider activities, among others.

Regulations are making their presence felt in DEXs. It is normal for them to do so, but how well does licensed cryptocurrency service provision fit the spirit of DeFi? I leave that to you to decide :)

If you wish to read more, I am also leaving the link to the agenda of the CMB.