Turkey Bans PancakeSwap and 46 Crypto Sites for Unauthorized Crypto Asset Services

The Turkish government has officially banned PancakeSwap along with 46 other platforms, citing the provision of unauthorized crypto asset services to local users. This regulatory action underscores Turkey’s stringent approach to controlling digital asset activities within its jurisdiction. Authorities emphasize the importance of compliance with national financial regulations to protect investors and maintain market integrity. The ban reflects a broader trend of increased scrutiny on decentralized finance (DeFi) platforms, which often operate beyond traditional regulatory frameworks. Market participants are advised to stay informed about evolving legal requirements to mitigate operational risks in the cryptocurrency sector.