Turkey continues to reinforce its control over the cryptocurrency sector by blocking access to 46 websites, raising questions about operations on decentralized platforms.
Regulatory Measures in Turkey
On July 6, 2025, Turkey's Capital Markets Board (CMB) blocked access to 46 crypto-related websites as part of a regulatory policy aimed at curbing unauthorized platforms.
Impact on PancakeSwap and Other Platforms
Among the blocked resources was PancakeSwap, which has a trading volume exceeding $325 billion. The block affects decentralized financial services; however, Turkish citizens can continue trading cryptocurrencies.
Future of the Crypto Market in Turkey
The tightening of new requirements and the blocking of non-compliant platforms may impact the cryptocurrency business in Turkey. Similar measures are being adopted by other countries, which are likely to alter market dynamics.
Regulatory pressure on crypto platforms in Turkey underscores the need for compliance. This may lead to a transformation in the cryptocurrency market with increased compliance demands in the future.
