FSB Urges Turkey to Tighten Crypto Oversight and Set…
By Abdelaziz Fathi
AI summary of the source article
The Financial Stability Board has urged Turkey to establish a dedicated stablecoin framework and strengthen cryptocurrency oversight. While acknowledging recent licensing and custody progress, the watchdog noted gaps in financial stability monitoring and cross-border enforcement.
Why it matters
The FSB notes that operationalizing a formal risk monitoring framework matters because "regulating individual crypto businesses does not necessarily provide authorities with a comprehensive view of market-wide vulnerabilities, particularly where transactions involve offshore platforms or foreign-issued stablecoins."
Key facts
- The FSB called on Turkey to establish a dedicated stablecoin regulatory framework and formal financial stability risk monitoring.
- Turkey previously introduced licensing, custody safeguards, and capital requirements for crypto service providers in March 2025.
- The review notes existing safeguards include separating customer assets and a ban on using cryptocurrencies for domestic payments active since 2021.
Source excerpt · FinanceFeeds
The Financial Stability Board (FSB) has called on Turkey to establish a dedicated stablecoin regulatory framework and strengthen supervision of cryptocurrency markets, warning that gaps remain despite progress in bringing digital asset businesses under regulatory oversight.In a peer review published on November 11, 2026, the global financial watchdog acknowledged Turkey's introduction of licensing…