Turkey bans PancakeSwap over unauthorized cryptocurrency activities

According to a report by Jinse Finance, the Turkish Capital Markets Board (SPK) has announced a ban on the decentralized exchange PancakeSwap, citing its unauthorized provision of crypto asset services to Turkish residents. This action was carried out in accordance with relevant provisions of the Capital Markets Law. The ban is part of a broader crackdown on unlicensed platforms, involving more than 60 crypto and forex websites in total.