Turkey’s Crypto Clampdown: PancakeSwap Among 45 Blocked Sites in Regulatory Blitz
Turkish regulators just dropped the hammer—hard. The country's latest financial crackdown has blacklisted PancakeSwap and 45 other crypto platforms, cutting off access for millions overnight.
No warnings, no phase-outs. Just a swift regulatory axe falling on some of DeFi's most trafficked gateways. Traders woke up to error messages where swap interfaces used to be.
Behind the firewall: Turkey's escalating battle against unlicensed crypto activity. The move follows months of tightening capital controls—because nothing says 'stable economy' like blocking decentralized protocols while the lira keeps mooning (in the wrong direction).
For now, VPNs are the workaround du jour. But with global regulators taking notes, this could be the opening salvo in a broader war on permissionless finance. Game on.