After PancakeSwap Ban, Turkey May Target Other DeFi Services, Regulators Explain

PancakeSwap Ban Just the Beginning? Turkey Signals More DeFi Restrictions News ETHNews

Turkey’s ban on PancakeSwap may be the first of many as regulators signal broader enforcement against DeFi platforms that promote services to Turkish citizens. Under new rules, even decentralized exchanges and non-custodial wallets must comply with local regulations if they actively target users in the country. Turkey’s recent ban on PancakeSwap, one of the most popular decentralized exchanges (DEXs), may only be the start of a broader crackdown…

After PancakeSwap ban, Turkey may target other DeFi services, regulators explain

Turkish regulators recently outlined their approach to DeFi apps, which could lead to more bans.

Turkey Targets DeFi Services With PancakeSwap Ban

Turkish regulators have indicated that following the recent ban on PancakeSwap, other decentralized finance (DeFi) services and wallets may also face regulatory scrutiny. This development was discussed during a panel at the Istanbul Blockchain Week, where regulators outlined new enforcement criteria that apply to DeFi services. Under the new framework, decentralized exchanges (DEXs) and non-custodial wallets will be required to adhere to the sam…

PancakeSwap Blocked In Turkey — Regulators Move Against Unlicensed DEXs

In a move that’s made serious waves across the decentralised finance (DeFi) world, Turkey has officially blocked access to PancakeSwap one of the most widely used decentralised exchanges (DEXs) in the world. The ban is part of a broader regulatory push to shut down unlicensed crypto platforms operating in the country. This moment could be a turning point for DeFi. It raises big questions about how decentralised exchanges will operate in countrie…

Financial Regulators Must Pursue a Multidisciplinary Approach to New Technology

Crypto assets and social media are changing how finance operates. Uncertainty around the future of AI is affecting financial markets. Claudia Biancotti argues that regulators must expand their range of expertise and pursue a multidisciplinary approach to protecting society against the potential negative spillovers from these developments.