Turkey’s Capital Markets Board Blocks Access to PancakeSwap for Unauthorised Crypto Services — TradingView News
Turkey’s Capital Markets Board (CMB) has blocked 46 cryptocurrency websites, including PancakeSwap (CAKE), for providing unauthorized cryptocurrency services. The CMB is Turkey’s financial regulator and will start legal proceedings against the various crypto services. Turkey has recently taken steps to reduce unauthorized services being offered to Turkish citizens. PancakeSwap is one of the most successful Decentralized Exchanges (DEXs), alongside Uniswap and Curve. PancakeSwap had more than $325 billion in trading volume in June. It’s unclear at this stage why Turkish officials deemed the websites to be unauthorized, but the CMB would likely prefer that crypto services be appropriately registered.
PancakeSwap is a Decentralized…
