{"id":35621,"date":"2025-07-08T00:31:59","date_gmt":"2025-07-08T00:31:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35621"},"modified":"2025-07-08T00:31:59","modified_gmt":"2025-07-08T00:31:59","slug":"turkey-blocks-46-crypto-platforms-in-big-crackdown-faces-severe-backlash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35621","title":{"rendered":"Turkey Blocks 46 Crypto Platforms In Big Crackdown: Faces Severe backlash"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">In a severe regulatory crackdown, Turkey has blocked access to 46 cryptocurrency platforms. Thousands of Turkish crypto users found themselves suddenly unable to access crypto trading platforms. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The Turkish financial authorities made it clear \u2013 they are targeting both centralized and decentralized exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This crackdown comes alongside the introduction of new rules for crypto exchanges operating in Turkey. This includes mandatory user verification or KYC for all platforms. There will also be withdrawal delays to allow for enhanced monitoring of suspicious transactions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Going ahead, there will also be increased cooperation between exchanges and authorities for reporting illicit activities.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Turkey blocks 46 crypto platforms in sweeping regulatory crackdown<\/p>\n<p>Turkey\u2019s Capital Markets Board (CMB) blocked access to 46 unauthorized crypto platforms in July alone, including leading decentralized exchange (DEX) PancakeSwap, as part of a sweeping enforcement campaign to\u2026<\/p>\n<p>\u2014 CoinNess Global (@CoinnessGL) <a href=\"https:\/\/twitter.com\/CoinnessGL\/status\/1942107895119942047?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2>Move Faces Severe Backlash \u2013 <span class=\"r-b88u0q\">\u201cIn a country where inflation is high and trust in the lira is low, crypto became a lifeline\u201d<\/span><\/h2>\n<p>However, the move was met with a severe backlash. <a href=\"https:\/\/x.com\/shyftnetwork\/status\/1940376942672597097\" target=\"_blank\" rel=\"nofollow\">Shyft network took to X<\/a> to say, \u201cTurkey just passed a sweeping crypto law. But this isn\u2019t just about compliance \u2014 it\u2019s about control. Turkey now requires all crypto service providers to register, follow AML rules, and comply with the FATF Travel Rule.\u201d<\/p>\n<p>\u201cGet off the FATF grey list. But beneath that is a deeper play: <span class=\"r-b88u0q\">extend state oversight over a fast-growing, high-adoption crypto market,\u201d added Shyft. \u201cIn a country where inflation is high and trust in the lira is low, crypto became a lifeline. Now that lifeline is being regulated \u2014 tightly.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">But why did Turkey take this step? The Turkish government cited several reasons for this aggressive regulatory action.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Including combating money laundering and terrorism financing, proctecting consumers and maintaining financial stability. Back in 2021 the country did something similar, banning the use of crypto for payments. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The Turkish regulators ordered internet service providers to block access to 46 crypto-related websites. The affected platforms range from popular centralized exchanges to leading DeFi protocols, like PancakeSwap.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> BREAKING: Turkey Blocks 46 Crypto Platforms Including <a href=\"https:\/\/twitter.com\/PancakeSwap?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@PancakeSwap<\/a><\/p>\n<p>Turkey&#8217;s Capital Markets Board just issued a sweeping ban on major DeFi platforms for &#8220;unauthorized service provision&#8221; under national securities law.<\/p>\n<p>Key Impact:<br \/>\u2022 PancakeSwap + 45 other platforms blocked<br \/>\u2022\u2026<\/p>\n<p>\u2014 Sir JP (@JPCrypto618) <a href=\"https:\/\/twitter.com\/JPCrypto618\/status\/1941415586757595630?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Read More: <\/strong><a href=\"https:\/\/99bitcoins.com\/news\/presales\/turkey-bans-pancakeswap-a-setback-for-crypto\/\"><strong>Turkey Bans PancakeSwap: A Setback for Crypto?\u00a0<\/strong><\/a><\/p>\n<h2 class=\"nnbtc-header__title\">Turkey Bans PancakeSwap<\/h2>\n<p>Turkey\u2019s\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Capital Markets Board (CMB)<\/a>\u00a0just shut down PancakeSwap (CAKE) for its citizens. They also blocked CryptoRadar, a crypto comparison site. Why? They said the platforms didn\u2019t have the right papers to operate there. This is all thanks to new laws from 2024, giving the CMB the power to block crypto platforms that don\u2019t have licenses.<\/p>\n<p>This move is part of Turkey\u2019s bigger plan to crack down on crypto and keep things in check. Basically, they want to make sure crypto platforms are legit and allegedly protect people from shady stuff. So, expect more of these bans if other exchanges don\u2019t get their licenses in line.<\/p>\n<p>After the news broke, CAKE took a 4.00% hit in just one day. Now it\u2019s down 10% over the past month, showing the market\u2019s not happy about these rules. PancakeSwap\u2019s trading volume dropped hard too, down 20%, now sitting at $45.54 million.<\/p>\n<p><strong>DISCOVER:\u00a0<\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><strong>Best Meme Coin ICOs to Invest in 2025<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Thousands of Turkish crypto users found themselves suddenly unable to access crypto trading platforms, after Turkey blocked 46 crypto platforms.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Turkey\u2019s relationship with cryptocurrencies has been turbulent. After the 2021 payments ban, regulators have steadily increased their scrutiny of the sector.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/turkey-blocks-46-crypto-platforms-in-big-crackdown-faces-severe-backlash\/\">Turkey Blocks 46 Crypto Platforms In Big Crackdown: Faces Severe backlash<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a severe regulatory crackdown, Turkey has blocked access to 46 cryptocurrency platforms. Thousands of Turkish crypto users found themselves suddenly unable to access crypto trading platforms. The Turkish financial authorities made it clear \u2013 they are targeting both centralized and decentralized exchanges. This crackdown comes alongside the introduction of new rules for crypto exchanges [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35621","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35621"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35621\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}