Turkey Tightens Crypto Access as SPK Implements Severe Restrictions
2025-07-03 20:04:37
Main Idea
Turkey's Securities and Exchange Commission (SPK) has implemented severe restrictions on cryptocurrency access, blocking several sites including PancakeSwap, following a regulatory approach similar to the US SEC.
Key Points
1. Turkey’s SPK is regulating capital markets and has blocked access to numerous cryptocurrency sites, including PancakeSwap.
2. The SPK's actions mirror the regulatory approach of the US SEC.
3. Most of the blocked sites are FX sites, but PancakeSwap’s website is notably included.
4. The SPK may soon release a separate announcement regarding DeFi platforms.
5. Investors are advised to be aware of volatility and risks in cryptocurrency markets and conduct their own research.
Description
SPK restricts access to sites operating without a cryptocurrency service license. PancakeSwap included in the list caused CAKE's price to drop slightly. Continue Reading: Turkey Tightens Crypto Access as SPK Implements Severe Restrictions The post Turkey Tightens Crypto Access as SPK Implements Severe Restrictions appeared first on COINTURK NEWS .
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