PancakeSwap enables geo-blocking for users from Belarus and Crimea – Bits Media

Users from Iran and nine other countries and regions of the planet will soon be blocked from accessing PancakeSwap, popular DEX on Binance Smart Chain.

The largest DEX in the Binance Smart Chain ecosystem (BSC) PancakeSwap introduces
geo-blocking IP addresses of users from Belarus, Crimea, Democratic Republic of the Congo, Zimbabwe, Iraq, Iran, Cuba, North Korea, Syria, Sudan.

On introducing restrictions for Iran from 9 Martha, with a link to PancakeSwap, The cryptocurrency community CryptoClub informed subscribers.

Decentralized exchange PancakeSwap will not provide services to Iranian users from March 9! pic.twitter.com/niUBaaNHox

— CryptoClub | Cryptoclub (@irCryptoClub) February 10, 2022

Traditionally, the introduction of restrictions on service based on geographic characteristics is typical for centralized exchanges, eg, Binance, which blocks users from Canada. And it is rarely used in decentralized analogues.

However, the reality is, that some DEX platforms, under pressure from regulators and against the backdrop of US sanctions, forced to begin restricting access to certain IP addresses.

The popular aggregator of decentralized exchanges 1inch found itself in a similar situation., which s 2021 began identifying US users by IP address and blocking their transactions.