Turkey Cracks Down: PancakeSwap and 45 Other Crypto Platforms Blocked in Sweeping Ban

Turkey slams the door on decentralized trading—PancakeSwap and nearly four dozen other crypto sites just got the axe. No warnings, no phase-outs—just a hard cut-off that left traders scrambling.

Why now? Ankara’s been tightening the screws on crypto since the lira went into freefall. This time, they’re targeting DeFi’s back alleys where regulators can’t follow. PancakeSwap—BNB Chain’s liquidity hub—was collateral damage.

Local traders aren’t panicking (yet). VPNs spiked 300% overnight, and whispers of OTC workarounds are already circulating. Meanwhile, the central bank keeps printing lira like it’s Monopoly money—ironic, given their ‘consumer protection’ stance.

Bottom line: When governments ban crypto, it’s never about ‘risk management.’ It’s about control. And right now, Turkey’s playing whack-a-mole with a sector that thrives on bypassing gates.