The Financial Stability Board (FSB) urged Turkey to tighten its oversight of crypto markets and adopt dedicated rules for stablecoins.Â
In a peer review published on Wednesday, the global financial watchdog said Turkish authorities had made progress by introducing registration and licensing requirements for crypto service providers.
The report was part of the FSB’s regular program of country reviews and assessed Turkey’s progress in implementing the board’s 2023 global recommendations on crypto and stablecoins. It followed a broader 2025 review that found gaps in how jurisdictions had implemented those recommendations.
The FSB recommended that Turkey begin monitoring crypto-related risks to financial stability under a formal framework, strengthen supervision and enforcement, and improve cooperation and information sharing with foreign regulators.
Turkey’s Capital Markets Board introduced licensing and operational requirements…
