“The Turkish capital regulator (CMB) has limited access to the Pancakeswap decentralized exchange and the Cryptoradar price comparison service. This was reported by local media. The reason was the activity without official permission: both sites provided services with crypto assets without a license. This is the first case of DEX blocking in Turkey. Since 2024 CMB has the right to restrict access to foreign cryptoplatform that work […]”, – WRITE: Businessua.com.ua
The Turkish capital regulator (CMB) has limited access to the Pancakeswap decentralized exchange and the Cryptoradar price comparison service. This was reported by local media.
The reason was the activity without official permission: both sites provided services with crypto assets without a license. This is the first case of DEX blocking in Turkey.
Since 2024, CMB has the right to restrict access to foreign cryptocurrencies that work without registration and are focused on Turkish users. Earlier, the regulator had already blocked centralized exchanges.
Pancakeswap decisions have created a precedent, so market participants are waiting for new blocks, including UNISWAP and Raydium.
The regulator warned investors about the risks of using unlicensed services and advised to work only with accredited platforms to protect assets and personal data.
In May 2024, the authorities announced strengthening control over the digital asset sector. One of the reasons was the consequences of the collapse of the Thodex exchange.
From February 25 2025, users who carry out transactions of over 15,000 TRY (~ $ 376), obliged to be identified from crypto services suppliers.
We will remind, in June the Ministry of Finance of Turkey announced restrictions on transfers of steiblcoins to restrain the illegal outflow of capital.
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