Turkey’s Capital Markets Board (CMB) has escalated its crypto enforcement, blocking 46 websites—including PancakeSwap—for allegedly violating local financial laws.
The move highlights growing regulatory scrutiny of decentralized platforms, even those with massive user bases.
PancakeSwap, which handled $325 billion in trades in June, now joins a list of crypto services restricted in countries like the Philippines and Venezuela over licensing issues.
While the CMB cited Turkey’s Capital Markets Law, it remains unclear how a globally accessible DEX like PancakeSwap falls under local jurisdiction. The lack of response from the platform suggests a broader challenge: How can decentralized projects comply with national regulations?
