INSUBCONTINENT EXCLUSIVE:
decentralized exchange PancakeSwap and Cryptoradar, in a crackdown on crypto services offered to residents of Turkey
crypto-related websites.Source: Capital Markets Board of TurkeyPancakeSwap reported more than $325 billion in trading volume for June,
making it one of the most significant decentralized exchanges alongside Uniswap and Curve
Cointelegraph reached out to a PancakeSwap spokesperson for comment but had not received a response at the time of publication.Regulators
and authorities in certain countries have acted to block websites offering crypto services, often saying the companies had not been
registered or were facilitating illicit transactions
The governments of Kazakhstan, Venezuela, the Philippines, Russia and others have previously cracked down on similar websites.Related:
crypto asset service providers offering services to residents since March, when it created a framework establishing standards and
Since February, crypto users in Turkey have been required to provide identifying information when executing transactions of roughly $425 or
Turkish residents are permitted to purchase, hold and trade cryptocurrencies, but the country banned using digital assets for payments in
A local law firm was scheduled to challenge the ban in a May hearing.Magazine: Pakistan will deploy Bitcoin reserve in DeFi for yield, says
