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Sindhu

07/05 07:11

Turkey Blocks 46 Crypto Sites, Including PancakeSw

Turkey Blocks 46 Crypto Sites, Including PancakeSwap Amid Regulatory CrackdownA-New-Chapter-for-The-US-Crypto-Regulation-What-Lies-Ahead.webp

The Turkish Capital Markets Board (CMB) has blocked 46 websites, including the popular decentralized exchange PancakeSwap, for “providing unauthorized crypto services.” In a Thursday notice, CMB announced legal action against websites, citing provisions of Turkey’s Capital Markets Law. 

Turkey Bans PancakeSwap

The Turkish financial regulator, CMB, announced that it had taken legal action against PancakeSwap, a high-profile DEX that handled over $325 billion in trading volume in June. The CMB did not specify how it determined PancakeSwap was in breach of Turkish law. 

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