🇹🇷 Turkey Bans Binance Chain DEX PancakeSwap Over Licensing Concerns

🚫 In a landmark regulatory move, Turkey’s Capital Markets Board (CMB) has officially blocked access to PancakeSwap, a leading Binance Chain decentralized exchange (DEX) — marking the country’s first sanctions on a DeFi platform.

📌 Key reasons cited:

• Unauthorized crypto asset service provision

• Lack of proper licensing compliance

⚖️ This decision highlights the growing regulatory scrutiny over decentralized platforms and underscores the global challenge of aligning DeFi innovation with national compliance frameworks.

🔍 As DeFi matures, questions around jurisdiction, consumer protection, and regulatory clarity are becoming more urgent than ever.

#DeFi #Regulation #Turkey #PancakeSwap #BinanceSmartChain

https://coingape.com/turkey-bans-binance-chain-dex-pancakeswap-over-licensing-concerns/?utm_source=bnb&utm_medium=coingape