The Financial Stability Board (FSB) recommended that Turkey establish a dedicated stablecoin regulatory regime as part of further work on its cryptoasset framework, according to a peer review reported by Foresight News on November 11, 2026, at 18:17 UTC+8. The recommendation is not a statement that such a regime is already in force.
The FSB said Turkish authorities had made substantial progress in recent years. It said most of the cryptoasset market was within regulatory scope, cryptoasset service providers faced registration and licensing requirements, and a centralized data platform had been established to monitor cryptoasset activity. According to the FSB, strict custody segregation and a prohibition on using cryptoassets for domestic payments also limited some routes by which risks could reach the payment and banking systems.
The FSB nevertheless called for Turkey to put a financial-stability monitoring framework into operation, strengthen supervision and enforcement, and improve cross-border cooperation and information sharing. It said further work was needed to align Turkey’s framework more closely with its global framework for cryptoasset activities.