Turkey Joins Global Trend, Blocks PancakeSwap in Regulatory Sweep

Turkey has become the latest country to restrict major crypto platforms, with its Capital Markets Board (CMB) cutting off access to PancakeSwap and 45 other websites.

The regulator claims the sites violated Turkey’s Capital Markets Law, though specifics on PancakeSwap’s alleged breaches remain undisclosed.

With $325 billion in June volume, the DEX is a top-tier platform, raising questions about how governments can enforce rules on decentralized services.

This mirrors actions in Kazakhstan, Russia, and Venezuela, where authorities have increasingly targeted unregistered crypto operators. As regulators worldwide tighten oversight, the clash between decentralized finance and national laws continues to intensify.