The Financial Stability Board (FSB) has called on Turkey to reinforce its supervision of digital asset markets and implement specific regulations for stablecoins.
Within a peer review published on Wednesday, the international financial monitor noted that Turkish officials had advanced by establishing registration and licensing mandates for virtual asset service providers.
This document formed part of the FSB’s routine schedule of national evaluations, reviewing Turkey’s advancement in adopting the organization’s 2023 international guidelines regarding cryptocurrencies and stablecoins. It succeeded a wider 2025 assessment which uncovered shortcomings in how various territories had executed those guidelines.
The FSB advised Turkey to commence tracking crypto-associated hazards to economic stability via a structured framework, enhance regulatory oversight and enforcement, and boost collaboration and data exchange with international regulators.
The Capital Markets Board of Turkey established licensing and operational mandates for digital asset platforms and custodians in March 2025, which included minimum capitalization requirements.
The FSB stated that Turkey had put protective measures in place, such as mandates to keep custody assets separated and a prohibition on domestic crypto transactions. These measures assist in curbing the transmission of crypto-linked risks toward banking institutions and payment networks. Officials additionally deployed a centralized system to track cryptocurrency operations.
The 2025 evaluation by the FSB revealed that while Turkey had completed regulations concerning digital assets, it still lacked a specialized framework for stablecoins.
During June 2025, the Finance Ministry of Turkey shared intentions to deploy extra transaction verifications and caps on stablecoin movements to fight financial crimes.
Related: Turkey tightens crypto rules with source, purpose checks on transfers
Originally published at https://cointelegraph.com/news/fsb-turkey-crypto-oversight-stablecoin-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
