05.07.2025 06:53

Turkey's Capital Markets Board (CMB) has initiated a regulatory crackdown, blocking access to 46 cryptocurrency-related websites. This significant action, announced on Thursday, includes the popular decentralized exchange PancakeSwap.

The CMB cited violations of Turkey's Capital Markets Law as the justification for its sweeping ban. These websites, according to the regulator, were operating without the necessary authorization to provide cryptocurrency services within the country.

Among the 46 sites affected is PancakeSwap, a well-known decentralized exchange platform utilized by numerous cryptocurrency traders globally. Its inclusion underscores the breadth of the CMB's actions and its determination to enforce existing regulations.

This move represents a further tightening of Turkey's stance on the cryptocurrency market. The ban highlights the ongoing challenges faced by cryptocurrency platforms attempting to operate within a jurisdiction with increasingly restrictive regulations. The CMB's aggressive approach signifies a concerted effort to control the cryptocurrency landscape within Turkey's borders. Sources from internet resources confirm the CMB's actions and subsequent website blockages.