After the recent ban on PancakeSwap, Turkish regulators may soon target other DeFi services and wallets. Turkey recently banned the PancakeSwap (CAKE) decentralized exchange, raising concerns that other DeFi services may also be affected. A recent panel discussion held by regulators during Istanbul Blockchain Week indicated that this might indeed be the case. In a transcript shared with crypto.news, the regulators outlined new enforcement standards that will also apply to DeFi services. According to the new framework, DEXs and even non-custodial wallets will be required to comply with the same rules as centralized services. However, this does not mean that all such services will be banned. Ali İhsan Güngör, the Executive Vice Chairman of the Turkish Capital Markets Board, stated that these regulations follow the so-called dissemination principle. Specifically, promoting one's DeFi products to Turkish citizens must comply with local regulations. Güngör explained, 'Turkish citizens are perfectly free to voluntarily accept services from other foreign entities, as capital flows are already free.' 'However, if entities providing DeFi services direct their activities toward Turkey through extensive promotion, advertising, or marketing, they will be subject to our regulations.' Güngör added, 'We have already begun implementing access restrictions on such websites.' The chief regulator may be referring to the recent ban on PancakeSwap and 46 other websites, which occurred on July 4. The regulators ordered internet service providers to block the domain of PancakeSwap in the country and banned related mobile applications and social media accounts. However, the regulators did not specify which channels PancakeSwap used to target Turkish users specifically. PancakeSwap is a decentralized protocol with no registered branches or legal entities in Turkey. Therefore, the exchange finds it difficult to apply for the necessary cryptocurrency service provider license in the country.