The Financial Stability Board (FSB) has urged Turkey to establish a dedicated stablecoin regulatory framework and strengthen oversight of its crypto sector, according to a review reported by TokenPost. The FSB found that Turkey has already brought most crypto-asset markets under regulation — requiring crypto-asset service providers to register and obtain licences, mandating strict segregation of custody assets, banning crypto assets from domestic payments, and running a centralised platform to monitor crypto activity — measures the review says limit some channels through which crypto risk could spread into the payment and banking system.
Even so, the FSB called on Turkish authorities to put a financial-stability monitoring framework into operation, strengthen stablecoin-specific supervision and enforcement, and improve cross-border cooperation and information-sharing with other regulators.
For readers moving money across borders, the review is a reminder that international standard-setters are actively pushing individual countries toward tighter stablecoin oversight — a trend relevant well beyond Turkey, as more jurisdictions with large informal dollar-stablecoin use come under similar scrutiny.
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TokenPost – FSB Urges Turkey to Establish Stablecoin Rules and Strengthen Oversight
