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The cryptonews hub > Blog > Trending News > Turkey blocks access to PancakeSwap, 45 crypto websites in regulatory crackdown
Trending News

Turkey blocks access to PancakeSwap, 45 crypto websites in regulatory crackdown

Crypto Team
Last updated: July 5, 2025 5:53 am
Crypto Team
Published: July 5, 2025
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wp header logo 191 Turkey blocks access to PancakeSwap, 45 crypto websites in regulatory crackdown

In a July 3 bulletin, the Capital Markets Board (SPK) announced legal action against the websites, citing provisions of Turkey’s Capital Markets Law.

The regulator said the targeted platforms were providing crypto services to residents without the required authorization.

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Other blocked sites included Cryptoradar and various investment and trading platforms, reflecting Turkey’s tightening oversight of the crypto sector.

The country has taken a strict stance on crypto payments since banning their use for purchases in 2021. However, residents are still permitted to buy, hold, and trade digital assets.

Earlier this year, Turkey mandated that crypto users provide identifying information for transactions above approximately $425.

Globally, countries such as Kazakhstan, Venezuela, Russia, and the Philippines have also blocked crypto-related websites, citing unauthorized operations and illicit transaction risks.

Turkey’s regulatory approach is part of its broader strategy to formalize and control digital asset markets amid rising adoption.

source

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