The Financial Stability Board urged Turkey to tighten crypto-market oversight and adopt dedicated stablecoin rules in a peer review published on an unspecified Wednesday. It said Turkey had made progress on registration and licensing for crypto service providers, but still needed a formal framework to monitor risks to financial stability, stronger supervision and enforcement, and better cooperation with foreign regulators.
Turkey introduced licensing and operational requirements for crypto exchanges and custodians in March 2025, including minimum capital thresholds. The FSB said safeguards also include separating assets held in custody and banning domestic crypto payments. Its 2025 review found that Turkey had finalized crypto-asset rules but lacked a dedicated stablecoin framework.
