The Financial Stability Board (FSB) has issued a recommendation for Turkey to enhance its regulatory framework for the cryptocurrency market. The global watchdog specifically highlighted the need for the country to establish dedicated rules governing stablecoins, as current oversight remains incomplete in this segment.
In its latest peer review, the FSB acknowledged Turkey's progress in implementing crypto licensing and registration requirements for service providers. These measures, initiated by the Capital Markets Board in March 2025, include mandatory capital thresholds, asset segregation for custodians, and a ban on domestic crypto payments.
The report suggests that Turkish authorities should formalize a framework to monitor crypto-related risks to financial stability. Furthermore, the FSB advocates for stronger enforcement actions and increased cooperation with international regulators to improve information sharing.
Turkey has already taken steps to mitigate risks by launching a centralized platform for monitoring crypto activities. Additionally, in June 2025, the Ministry of Finance announced plans to implement stricter transaction checks and transfer limits on stablecoins to combat money laundering.
