The SPK imposed an access restriction on PancakeSwap.

The Capital Markets Board (SPK) has imposed access restrictions on PancakeSwap, one of the largest decentralized exchanges in the crypto world. The decision was published in today's bulletin of the Capital Markets Board. The reason cited was "conducting unauthorized cryptocurrency asset service provider activities."

This decision was made within the scope of the authority granted to the CMB last year to request the blocking of access to the websites of crypto asset service providers that are based abroad and operate unauthorized activities towards users in Turkey.

The board had previously imposed access restrictions on the websites of many cryptocurrency exchanges that had not applied for a license in Turkey. On the other hand, the PancakeSwap decision is significant because it marks the first time the Capital Market Board has imposed restrictions on a decentralized exchange. It remains to be seen whether a similar step will be taken for other decentralized platforms, especially Uniswap.

Access to the "crypto price comparison platform" CryptoRadar has also been restricted along with PancakeSwap.

Published: July 3, 2025 22:55