FSB calls on Turkey to strengthen stablecoin regs
Despite ‘meaningful progress’, country still lacks regulatory framework for issuers
The Financial Stability Board recommended on November 11 that Turkey strengthen its regulation of stablecoins and other crypto assets, following a 2025 peer review led by a team that included officials from five central banks.
The FSB said Turkey had made “meaningful progress” in aligning with the organisation’s 2023 global crypto regulatory framework by introducing licensing requirements for service providers, “strict” custody separation and banning the use of crypto for domestic payments.
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