Türkiye blocks access to PancakeSwap in first DEX crackdown

Türkiye’s Capital Markets Board (CMB) has blocked access to PancakeSwap (CAKE), a decentralized exchange and CryptoRadar, a crypto price comparison platform, for offering unauthorized digital asset services, according to Türkiye Today. This marks the first regulatory action against a decentralized platform in the country. The move follows new powers allowing the CMB to block unlicensed foreign crypto services targeting Turkish users. Analysts warn that other DEXs, such as Uniswap and Raydium, could be next.