Turkey blocks 46 websites including PancakeSwap for providing "unauthorized crypto asset services" to residents
2025/07/05 01:28According to ChainCatcher, Financefeeds reports that the Turkish Capital Markets Board (CMB) has taken legal action to block 46 cryptocurrency-related websites, including the major decentralized exchange PancakeSwap, on the grounds that these platforms provide "unauthorized crypto asset services" to Turkish residents.
Since March of this year, the CMB has comprehensively regulated crypto asset service providers operating in Turkey, establishing a new licensing and compliance framework. In February, Turkey implemented new regulations requiring users to provide identification information for crypto transactions exceeding 15,000 Turkish lira (approximately $425). Although buying and holding cryptocurrencies remains legal in Turkey, the country banned the use of digital assets for payments in 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
