Regulation & supervision
FSB urges Türkiye to set up a dedicated stablecoin regime
GlobalSource: Financial Stability Board
AI-generated image- The Financial Stability Board published its second Peer Review of Türkiye on 11 November 2026, examining the country’s progress in implementing the FSB recommendations for the regulation and supervision of crypto-asset activities, including stablecoins.
- It finds that Turkish authorities have brought a large part of the crypto-asset market within the regulatory perimeter through registration and licensing requirements for crypto-asset service providers, and that strict custody separation and the prohibition on using crypto-assets for domestic payments limit some risk transmission channels into payments and banking.
- The FSB recommends that Türkiye operationalise a financial stability monitoring framework, establish a dedicated regime for stablecoins, strengthen supervision and enforcement, and promote cross-border cooperation and information sharing.
Why it matters
Banks with Turkish operations or counterparties should expect stablecoin-specific rules to follow the crypto-asset service provider regime, while the existing ban on crypto-assets for domestic payments remains one of the safeguards the FSB credits for limiting spillovers into banking.
Read the original: Financial Stability Board ↗
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More detail
Who is affected
Turkish authorities and crypto-asset service providers (CASPs) in Türkiye.
Key dates
- FSB publishes its second Peer Review of Türkiye
Key facts
- Event
- Peer review
- Jurisdiction
- Global
- Source
- Financial Stability Board
- Source tier
- Tier 1 · Regulator / central bank
- Product
- Stablecoin issuance
Institutions
How we verified this
The source says
“The FSB recommends Türkiye operationalises a financial stability monitoring framework, establishes a regime for stablecoins, strengthens supervision and enforcement, and promotes cross-border cooperation and information sharing.”
“Authorities have brought a large part of the crypto-asset market within the regulatory perimeter, introducing registration and licensing requirements for crypto-asset service providers (CASPs).”
“Moreover, structural safeguards, such as strict custody separation, and the prohibition on the use of crypto-assets for domestic payments, limit some of the risk transmission channels into payments and banking.”
“Further steps are warranted to reinforce Türkiye’s framework and improve alignment with the FSB Global Regulatory Framework for Crypto-asset Activities.”
Verbatim from Financial Stability Board, matched word for word against the live page on 13 November 2026.
Sources
- PrimaryFinancial Stability Board ↗2026-11-11T1Regulator
Evidence
- Confidence
- High Primary source (regulator / official record); quote string-matched against the live page.
- Quote verified
- 2026-11-13 11:59 UTC
- Archived snapshot
- SHA-256
976610025f699580…· fetched 2026-11-11 · Wayback Machine copy ↗ - Source type
- Primary Financial Stability Board ↗
Change log (1)
- 2026-11-11 Published
AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.
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