According to local media reports from decentralized cryptocurrency exchanges PancakeSwap will restrict users trying to access the platform from Iran starting next month.
According to local crypto community CryptoClub, PancakeSwap plans to block users in some countries as of March 9, 2022.
In addition to Iran, the blocking is expected to cover Belarus, Cuba, the Democratic Republic of the Congo, Iraq, North Korea, Sudan, Syria, Zimbabwe and, in addition, Crimea. .
PancakeSwap, which offers users the opportunity to make transactions with BEP-20 tokens in a decentralized way; currently Binance Smart Chain It is shown as the largest decentralized exchange in the ecosystem. PancakeSwap in total $13.2 billion in the ecosystem where the asset is held $4.8 billion shareholder.
Blocking access to IP addresses in certain countries, especially centrally managed Although this is a method frequently used by exchanges, decentralized exchanges It is not a common practice among However, another decentralized exchange, 1inch, is known to block access to users in the USA.
The PancakeSwap team has not yet made an official statement about whether a barrier will be introduced to users in Iran.