Global Watchdog Urges Turkey to Strengthen Crypto Rules
The watchdog said Turkey has made progress on licensing but still lacks a dedicated stablecoin framework and stronger monitoring of crypto risks.
- On Wednesday, the Financial Stability Board urged Turkey to tighten oversight of crypto markets and adopt dedicated rules for stablecoins, noting that Turkish authorities have made "meaningful progress."
- The Capital Markets Board introduced licensing requirements for crypto exchanges in 2025, yet the largely retail-driven sector saw nearly $200 billion in transactions last year, highlighting alignment gaps.
- Regarding stablecoin issuers, the FSB warned "there remains no framework in place," describing it as "a core financial stability concern" given potential for "digital dollarisation."
- Amid a $20 billion investment fund scandal that left millions of Turks out of pocket, authorities scramble to tighten oversight, building on Finance Ministry plans for transaction checks.
- Authorities must establish a formal framework to monitor crypto-related risks to financial stability and improve cooperation with foreign regulators, as the FSB noted the borderless nature prevents unilateral action.
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18 Articles
Watchdog urges Turkey to tighten digital asset rules for $144B crypto economy
A review of Turkey’s crypto-asset regulations by the Financial Stability Board acknowledged significant progress made by local authorities but called for further measures to address potential risks.
Turkey crypto rules may tighten after FSB stablecoin review
Turkey crypto policy is back in focus after the Financial Stability Board published a peer review of the country’s regulatory progress. The watchdog said Turkish authorities have already introduced registration and licensing requirements for crypto service providers, along with safeguards for custody and a ban on domestic crypto payments. Still, the review said more action… The post Turkey crypto rules may tighten after FSB stablecoin review fir…
Crypto Breaking News
BITRSSFSB Urges Turkey to Strengthen Crypto Oversight and Stablecoin Rules
Turkey received fresh scrutiny from the Financial Stability Board (FSB), which urged Turkish authorities to further tighten oversight of crypto markets and move toward dedicated regulation for stablecoins. The call comes in a peer review published this week by the global financial watchdog. The FSB said Turkey has already made progress by building a regulatory [...]
Turkey Crypto: FSB Review Flags Missing Stablecoin Rules
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 requirements, custody safeguards and centralized…
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