PANews July 4 report, according to Turkiye Today, the Capital Markets Board of Turkey (CMB) has implemented an access ban on PancakeSwap on the grounds of 'providing cryptocurrency services without authorization.' This is the first time Turkey has imposed sanctions on a DEX. Also banned is the cryptocurrency comparison platform CryptoRadar. This decision is based on the regulatory authorization obtained by the CMB last year, allowing it to block unlicensed foreign cryptocurrency service platforms targeting Turkish users. Analysts point out that this move sets a precedent for Turkish regulators to crack down on DEXs, which may affect similar platforms like Uniswap and Raydium. Previously, Turkey primarily targeted centralized exchanges that had not applied for local licenses.
